SoftBank Just Supercharged Cipher Mining's Pivot Beyond Crypto
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Cipher Mining Inc. received a $50 million investment from SoftBank, boosting its expansion into high-performance computing data centers and increasing its stock by 22%. Despite a negative P/E ratio, CIFR's significant jump in adjusted operating earnings signals rapid transformation, attracting growth investors.
February 03, 2025 | 1:15 pm
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Cipher Mining Inc. received a $50 million investment from SoftBank, leading to a 22% stock increase. The company is expanding into high-performance computing data centers, showing a significant jump in adjusted operating earnings despite a negative P/E ratio.
The $50 million investment from SoftBank is a significant endorsement, leading to a 22% increase in Cipher Mining's stock. The company's expansion into high-performance computing data centers and a substantial jump in adjusted operating earnings, despite a negative P/E ratio, are attracting growth investors.
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