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0.00556179775280887 0.00842696629213478 -0.0109550561797753 0 -0.0201123595505618 -0.00887640449438204 0.0112359550561797 0.0282584269662921
Stock impact report

Cathedra Bitcoin and Sphere 3D to merge, expand into AI services [Yahoo! Finance]

Sphere 3D Corp. - Common Shares (ANY) 
NASDAQ:AMEX Investor Relations: investors.sphere3d.com
Company Research Source: Yahoo! Finance
Cathedra Bitcoin (TSX-V: CBIT) and Sphere 3D (NASDAQ: ANY) have entered into an agreement to merge in an all-stock transaction, according to a Thursday press release. Once finalized, the combined company would operate 53 MW and 1.2 EH/s of bitcoin mining infrastructure across five data centers located in Tennessee, Kentucky, and Iowa. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. The merged entity will keep Sphere 3D's name and listing on the NASDAQ, and Cathedra Bitcoin shareholders will receive 49% of Sphere 3D's issued and outstanding shares following the close of the transaction. “The combined company … will bring together Sphere's established capital markets access including its Nasdaq listing, strong balance sheet, liquidity, and efficient fleet of miners with Cathedra's robust energy portfolio, proven infrastructure development expertise, bitco Show less Read more
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