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Bitcoin miner Cipher to go public via $2 billion SPAC merger

2 Min Read (Reuters) - Cipher Mining Inc said it had agreed to go public through a merger with blank-check firm Good Works Acquisition Corp in a deal valuing it at $2 billion, underscoring the rising interest in the bitcoin space. Shares of Good Works rose 15.9% to $11.59 after markets opened for trading on Friday. The bitcoin mining firm’s bid to go public comes as a clutch of other crypto firms are pushing ahead with similar plans despite regulatory uncertainty. Coinbase, the biggest U.S. cryptocurrency exchange, moved a step closer to listing its shares on the Nasdaq last month, but is still waiting for regulatory clearances.

Bitcoin miner Cipher to go public via US$2 bil SPAC merger

Bitcoin miner Cipher going public with $2-billion SPAC deal

Bitcoin miner Cipher going public with $2-billion SPAC deal Sohini Podder and Noor Zainab Hussain Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Cipher Mining Inc said it had agreed to go public through a merger with blank-check firm Good Works Acquisition Corp in a deal valuing it at $2 billion, underscoring the rising interest in the bitcoin space. Shares of Good Works rose 15.9 per cent to $11.59 after markets opened for trading on Friday.

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