Bitcoin miner Cipher to go public via $2 billion SPAC merger

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% to $11.59 after markets opened for trading on Friday.

The bitcoin mining firm’s bid to go public comes as a clutch of other crypto firms are pushing ahead with similar plans despite regulatory uncertainty.