Mentioned:
One of the world’s most important investment companies is making yet another bet on data centres.
What’s happening:
- Cipher Mining (NASDAQ: CIFR) has landed a $50M USD strategic investment from SoftBank
Why it matters:
- SoftBank is one of the most important investment companies globally and currently operates the largest technology focused investment fund in existence
By the numbers:
- SoftBank now owns approximately 10.4M common shares of Cipher Mining
Going deeper:
- Cipher Mining has publicly stated they plan to use the new infusion of cash to rapidly expand their data centre operations, with a focus on both high performance computing and Bitcoin mining
- SoftBank is also notably providing all the funding for the new half a trillion dollar collaboration for artificial intelligence infrastructure with OpenAI and Oracle (NYSE: ORCL)
