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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”.
The town of Hillsboro is located half way between Concord and Keene in the Monadnock Region of New Hampshire. The school districts in SAU #34 serve about 1,180 students with the goal of providing a quality education for each child. The Hillsboro-Deering Cooperative School District was formed in 1954 and also serves students from the towns of Washington and Windsor. The 30-acre main campus is located on School Street, just north of the main intersection of Main Street and School Street in Hillsboro, NH. Washington Elementary School, built in 1992, is located in picturesque Washington, NH just 10 miles northwest of Hillsboro, up route 31. Sixty-four percent (64%) of the teachers in Hillsboro-Deering schools hold Master’s Degrees and sixty-five percent (65%) of teachers in Washington Elementary School have a Master’s Degree. Total enrollment in October 2017 was 1,184 students with 237 students identified with special educational needs. The student to teacher ratio is 10.4:1 with an average class size of 21 students. Approximately 61% of our students pursue post high school education upon graduation.
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