Bitcoin Miner Cipher Mining to go Public via SPAC
Posted on 03/05/2021
Rye, New York-based Cipher Mining Technologies, Inc. is a newly formed U.S.-based Bitcoin mining operation, and Good Works Acquisition Corp. (Nasdaq: GWAC), a U.S. publicly-traded special purpose acquisition company, announced they have entered a definitive agreement for a business combination. Upon closing of the transaction, the combined company will be named Cipher Mining Inc. (“Cipher” or the “Company”) and is expected to be listed on the Nasdaq under the new ticker symbol “CIFR”. The Good Works SPAC was run partly by Cary Grossman, a co-founder of Shoreline Capital Advisors, Inc.