other material
confidence high
sentiment positive
materiality 0.70
Cipher Mining raises $50M via PIPE investment from SoftBank Group at $4.79 per share
Cipher Digital Inc.
- SoftBank (Star Beacon LLC) purchased ~10.44M newly issued shares at $4.79 for ~$50M total.
- Proceeds will support Cipher's HPC data center development business.
- Cipher agreed to not negotiate sale of Barber Lake property with others until Feb 28, 2025.
- Registration rights agreement filed; SoftBank gets demand and piggyback rights.