Cipher Mining Shares Rise After News of SoftBank Group Investment

Dow Jones

01-31

By Stephen Nakrosis

Shares of Cipher Mining were trading higher in the after-hours market following news of a $50 million private investment in public equity deal from SoftBank Group.

After the bell Thursday, shares of Cipher Mining rose 19% to trade at $5.60. The stock finished the day's regular session with a 4.4% gain, closing at $4.70.

Cipher said the investment will support its HPC data center development business and establish SoftBank as a significant primary investor.

Cipher said it develops and operates industrial-scale data centers for bitcoin mining and HPC hosting.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 30, 2025 18:08 ET (23:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock finished the day's regular session with a 4.4% gain, closing at $4.70. \n\n\n  Cipher said the investment will support its HPC data center development business and establish SoftBank as a significant primary investor. \n\n\n  Cipher said it develops and operates industrial-scale data centers for bitcoin mining and HPC hosting. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 18:08 ET (23:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}