Bitcoin Miner Cipher Mining Going Public in SPAC Merger

Bitcoin Miner Cipher Mining Going Public in SPAC Merger
Eric Volkman, The Motley Fool
·2 min read

Bitcoin (CRYPTO: BTC) is raining from the digital sky, or so it seems given the profusion of cryptocurrency businesses rushing to the stock exchange lately. The most recent example is Cipher Mining, a privately held company that announced Friday it has agreed to go public via a merger with a special purpose acquisition company (SPAC), Good Works Acquisition Corp (NASDAQ: GWAC). "Mining" is essentially the digital production of a cryptocurrency -- Cipher Mining specializes in Bitcoin.