Good Works Acquisition Corp.
NASDAQ Capital MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Frederick Schwartz Zeidman
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4265 San Felipe Houston TX United States of America
- IPO Date
- Dec 7, 2020
- CIK
- 0001819989
- Similar Companies
- Business
- Good Works Acquisition Corp. (GWAC) operates as a blank check company whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it currently maintains no significant independent operations. Formed in 2020 and headquartered in Houston, Texas, the company raised $150 million through its initial public offering in October 2020, offering units comprising common stock and warrants traded initially under GWACU on Nasdaq Capital Market. In its major strategic transaction, GWAC completed a business combination with Cipher Mining Technologies Inc. in August 2021, resulting in the combined entity operating as Cipher Mining Inc. (Nasdaq: CIFR), a U.S.-based industrial-scale Bitcoin mining company; this merger, valued at an enterprise of approximately $2.5 billion, included a $425 million PIPE financing anchored by investors such as Bitfury, Fidelity Management & Research Company and Counterpoint Global, providing Cipher with roughly $391 million in net proceeds after expenses and enabling development of up to 910 megawatts of mining capacity by 2026 through hosting contracts. GWAC's common stock and warrants transitioned to trading under CIFR and CIFRW post-merger, with the original GWAC entity ceasing active standalone operations as Cipher Mining assumed public market status and focuses on Bitcoin network infrastructure using advanced technology and low-cost power agreements targeting North American markets.
Four Inc. Awarded NASA SEWP VI Contract, Expanding Access to Innovative Technology Solutions Across the Public Sector
A handful of heavily shorted SPACs are being squeezed higher as investors redeem shares ahead of final merger
Cipher Mining Announces Filing of Registration Statement on Form S-4 in Connection with Its Proposed Acquisition by Good Works Acquisition Corp.
3 Cryptocurrency SPACs That Could Run On A Successful Coinbase IPO
Marathon Digital Holdings: One Miner To Rule Them All
Cipher Mining Technologies Inc. Appoints Patrick Kelly as Chief Operating Officer
The Short Attack Was Misguided, But SOS Ltd. Remains Wildly Overvalued
Cipher Mining Technologies Inc. Appoints William Iwaschuk as Chief Legal Officer
Cipher Mining Technologies Inc. Appoints William Iwaschuk as Chief Legal Officer
Bitcoin Miner Cipher Mining Going Public in SPAC Merger
This Cryptocurrency Mining Company Is Going Public Through a SPAC
Bitcoin Miner Cipher Going Public Via SPAC Merger
Bitcoin Play Cipher Mining To Go Public With SPAC Merger
Cipher Mining Inc., a Newly Formed US-based Bitcoin Mining Company, to Become a Publicly Traded Company via a Merger with Good Works Acquisition Corp.