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How to buy Cipher stock when it goes public

Here's everything we know so far about the Cipher IPO.

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Sheri Bechtel
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Cipher Mining Technologies Inc, a block reward mining company and a subsidiary of blockchain firm Bitfury, is expected to go public via a merger with a special purpose acquisition company (SPAC). We'll update this page as new information is available.

What we know about the Cipher IPO

Block reward mining company Cipher Mining is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The deal is expected to close in the second quarter of 2021.

The SPAC, Good Works Acquisition Corp, originally went public in [month year] and currently trades on the Nasdaq under the ticker symbol "GWAC." After the merger, the company will trade on the Nasdaq under the ticker "CIFR."

How to buy shares in Cipher when it goes public

Once Cipher goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

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  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Cipher can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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