Latham & Watkins Advises Cipher Mining in US$50 Million PIPE Investment From SoftBank Group

Cipher Mining Inc. (NASDAQ:CIFR) announced a US$50 million investment from SoftBank Group Corp. (TSE: 9984), one of the world’s most prominent investment holding companies. The US$50 million PIPE investment will support Cipher’s HPC data center development business and establish SoftBank as a significant primary investor in Cipher.

Latham & Watkins LLP represents Cipher in the transaction with a corporate deal team led by Chicago M&A partners Christopher Drewry and Sean Parish and San Diego M&A partner Ann Buckingham, with associates Jack DeMeulenaere and Henna Jalal, and London capital markets partner David Stewart. Advice was also provided on real estate matters by Chicago counsel Jeffrey Anderson, with associate Cristian Kelly; on CFIUS matters by Washington, D.C. counsel Zachary Eddington, with associate Christine Kalpin; on antitrust matters by Bay Area partner Joshua Holian; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz.