
SoftBank’s Bold Bet: Bitcoin Miner Cipher Surges 18% After $50 Million Investment
Cipher Mining’s stock surged over 18% following SoftBank’s $50 million investment. The investment allows SoftBank to acquire 10.4 million shares, bolstering Cipher’s development of high-performance computing data centers. CEO Tyler Page highlighted the synergy between SoftBank’s technology innovation focus and Cipher’s goals.