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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.

Applied Signal Tech (APSG), Cai International (CAP), DISH Network (DISH), Nustar Gp Holdings Llc (NSH), Open Table (OPEN) - SPACs Attack Weekly Recap: Looking Back On 9 Deal Announcements, Rumors And Headline News

Applied Signal Tech (APSG), Cai International (CAP), DISH Network (DISH), Nustar Gp Holdings Llc (NSH), Open Table (OPEN) - SPACs Attack Weekly Recap: Looking Back On 9 Deal Announcements, Rumors And Headline News
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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

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