PANews reported on January 31 that according to The Block, Cipher Mining received a $50 million investment from SoftBank, which will purchase approximately 10.4 million common shares of the Bitcoin miner. The financing was conducted in a public equity investment format, and the funds will be used to support Cipher's high-performance computing (HPC) and AI data center infrastructure construction.

Cipher and SoftBank signed a one-month exclusive agreement to ensure that SoftBank cannot sell its 300-megawatt mining farm in Barber Lake, Texas or reach an agreement with other parties during this period. Cipher CEO Tyler Page said: "SoftBank's joining as a major investor marks an important moment in Cipher's growth."

SoftBank's investment is seen by analysts as a signal that bitcoin miners are diversifying into the AI sector. Cipher, the world's tenth largest publicly traded bitcoin miner with a market value of $1.6 billion, is seeking to diversify its business and mitigate the risks of bitcoin market volatility.