This Cryptocurrency Mining Company Is Going Public Through a SPAC

This Cryptocurrency Mining Company Is Going Public Through a SPAC

Good Works Acquisition Corporation (NASDAQ: GWAC), a special purpose acquisition company (SPAC), is moving higher today. As of 3 p.m. EST, shares of the blank check company had risen by about 13% for the day. The reason for the SPAC's move is that it announced its acquisition target, and investors appear to be excited about it.