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Bitcoin mining company Cipher to go public via $2 billion SPAC merger with Good Works

1 month ago   |   By Business Insider

Summary List Placement Newly formed bitcoin mining operation Cipher Mining Technologies announced it will go public in a merger with blank-check company Good Works Acquisition. The deal values the combined entity at $2 billion.
The transaction is expected to close in the second quarter of 2021. Upon closing, the combined companies will be named Cipher Mining and will trade under the Nasdaq ticker symbol CIFR.
The deal is expected to give the combined companies $595 million in gross cash proceeds, which includes a $425 million PIPE from investors such as Fidelity Management & Research...
Read more ...

 

Bitcoin mining company Cipher to go public via $2 billion SPAC merger with Good Works

Bitcoin mining company Cipher to go public via $2 billion SPAC merger with Good Works

1 month ago   |   By Business Insider

Summary List Placement Newly formed bitcoin mining operation Cipher Mining Technologies announced it will go public in a merger with blank-check company Good Works Acquisition. The deal values the combined entity at $2 billion.
The transaction is expected to close in the second quarter of 2021. Upon closing, the combined companies will be named Cipher Mining and will trade under the Nasdaq ticker symbol CIFR.
The deal is expected to give the combined companies $595 million in gross cash proceeds, which includes a $425 million PIPE from investors such as Fidelity Management & Research...
Read more ...

 


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