Schiff Guides Good Works Acquisition Corp. in its $2.5 Billion Merger with Cipher Mining Inc.

Schiff Hardin LLP represented Good Works Acquisition Corp. in its de-SPACing business combination with Cipher Mining Technologies Inc. Following the merger, the combined company is named Cipher Mining Inc., an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure. The business combination and associated PIPE investment enabled Cipher Mining to raise a total of approximately $391 million (after transaction expenses). The company’s enterprise value is approximately $2.5 billion.