Cipher Mining raises $50M in a undisclosed funding round

Cipher Mining secures $50M in a funding round led by #SoftBank . The funding will support Cipher’s development of its high-performance computing (HPC) data center business, with SoftBank now positioned as a key primary investor in the company.

#CipherMining is a company which focused on the construction and operation of large-scale data centers, which are primarily used for Bitcoin mining and other #HPC services, such as supporting #AI workloads.