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Cipher will be established as an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network`s critical infrastructure. Our goal is to be the leading Bitcoin mining company in the United States. We expect that the operations at our four initial planned data centers in Ohio and Texas will enable the Bitcoin network to continue to operate and flourish. Through our business model, Cipher expects to operate powerful computers that mine Bitcoin and validate transactions on the Bitcoin network. We believe Cipher will leverage our best-in-class technology, market-leading power purchase arrangements, and a seasoned, dedicated senior management team to become the market leader in Bitcoin mining. Cipher Mining Technologies Inc. announced on March 5, 2021 that it had entered into a definitive agreement for a business combination with Good Works Acquisition Corp. (Nasdaq: GWAC) (“Good Works”), a U.S. publicly-traded special purpose acquisition company. Upon the closing of that transaction, the combined company will be named Cipher Mining Inc. (“Cipher” or the “Company”) and is expected to be listed on the Nasdaq under the new ticker symbol “CIFR”.
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Intrepid Potash is the only producer of potash in the United States. They also produce Trio®, a specialty fertilizer that delivers three key nutrients: potassium, magnesium, and sulfate, all in a single particle. Intrepid is a leader in solar evaporation production, one of the most environmentally friendly production methods for potash. Intrepid`s efforts provide the necessary agricultural resources to feed people all around the world. Headquartered in Denver, Colorado, Intrepid Potash, Inc. has two production facilities in Utah and three in New Mexico. These subsidiaries are named: Intrepid Potash® - Moab, LLC, Intrepid Potash® - Wendover, LLC and Intrepid Potash® - New Mexico, LLC. These companies collectively employ approximately 500 people. Intrepid`s top priorities are safety and long-term protection of the environment. We know this can work in concert with sustainable, low cost production. Each facility has extensive ore reserves. Intrepid Potash, Inc. is on the leading edge of solution mining technology, having successfully designed, drilled and placed into production the first horizontal potash caverns in the world at its Moab, Utah facility.