Cipher Mining Secures $50M Investment
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SoftBank investmentInvesting.com
•Technology
Technology
SoftBank injects $50M into Cipher Mining stock
83% Informative
SoftBank (TYO:9984), a prominent Japanese multinational conglomerate, has invested $50 million in Cipher Mining .
Cipher Mining is embracing a diversification strategy by expanding into AI data center hosting.
The move is intended to mitigate the volatility inherent in bitcoin market cycles while capitalizing on the increasing demand for AI solutions.
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