Currency

Bitfury’s US Bitcoin mining subsidiary to go public via $2B SPAC merger

Cryptocurrency (Mar 05, 2021 10:40AM ET)

Bitfury's US Bitcoin mining subsidiary to go public via $2B SPAC merger

Cipher Mining Technologies Inc. a subsidiary of blockchain development firm Bitfury has inked a $2 billion merger deal with Nasdaq-listed Good Works Acquisition Corp — a special purpose acquisition company, or SPAC. Both companies have entered into a business combination agreement.

According to a press release issued on Friday the merger will see Bitfury’s U.S. Bitcoin (BTC) mining enterprise become a publicly-listed company under the banner Cipher Mining Inc.

Continue Reading on Coin TelegraphBitfury’s US Bitcoin mining subsidiary to go public via $2B SPAC merger 

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