Cipher Mining Merging with SPAC GWAC ???? | Biggest Bitcoin Miner in North America | 40 EH/s Rate 20

In this stock of the day video, Ryan Rozbiani discusses Cipher Mining Merging with SPAC Good Work Acquisition Corp - #GWAC ???? and is on pace to the biggest #Bitcoin miner in North America by 2025 at a mining rate of 39.8 exahash per second, about 40 EH/s.
#ciphermining

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00:00 Intro and GWAC, Cipher Mining, Bitfury Team
02:02 What is Cipher Mining and SPAC Deal
03:49 Cipher Mining Rollout Plan and Metrics
05:24 Cipher Mining Technology, Chipset, and Mining
07:57 Hashrates, Bitcoin Mining Estimates, Financials
09:00 Summary and My Thoughts, Will I Buy?

"Good Works Acquisition is a blank check company created with the goal of taking a private company public. The sponsor of the company is an affiliate of I-Bankers Securities.
Cipher Mining is a bitcoin mining company based in the U.S. The company has plans for four mining facilities in Ohio and Texas. The SPAC merger between Good Works Acquisition and Cipher Mining values the combined company at $2 billion. Once the deal is done, the combined company will operate under the name Cipher Mining Inc. This will also see shares of GWAC stock change over to the CIFR stock ticker. Cipher Mining is set to come out of the SPAC merger with $595 million in gross cash. That includes $170 million in cash held in Good Works’ trust account from its initial public offering (IPO) last year. Another $425 million comes from private investment in public equity (PIPE). The Board of Directors at both companies have approved the SPAC merger. Now it just needs approval from regulators and shareholders of GWAC stock. If all goes well, the deal is set to close in the second quarter of 2021." - SRC: Investor Place

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