According to Foresight News, Nasdaq-listed Bitcoin mining company Cipher Mining has received a $50 million investment from SoftBank through a Private Investment in Public Equity (PIPE) deal. The funds will be used to support the development of Cipher Mining's high-performance computing data centers.
PIPE investments involve private equity funds, mutual funds, or other qualified investors purchasing shares of a publicly traded company at a discount to market price to expand the company's capital. These investments are typically categorized into traditional and structured forms.
