Cipher Mining Inc said on Friday it will go public through a merger with blank-check firm Good Works Acquisition Corp in a deal that values the combined company at $2 billion.
(GWAC), ($BTC) - Bitcoin Play Cipher Mining To Go Public With SPAC Merger 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 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.
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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