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. Good Works will be merging with Cipher Mining, which is a subsidiary of Bitcoin (CRYPTO: BTC) hardware and software maker Bitfury.
Source Fool.com
