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(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.
BENGALURU (March 5): 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 US$2 billion, underscoring the rising interest in the bitcoin space. Shares of Good Works rose 15.9% to US$11.59, after markets opened for trading on Friday.
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
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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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Bitcoin miner Cipher to go public via $2 billion SPAC merger oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.