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Cathedra Bitcoin to Merge with Sphere 3D for Full Stock Expansion in AI and HPC Services
Summary: According to reports, Bitcoin mining company Cathedra Bitcoin has announced a full stock merger agreement with technology company Sphere 3D. After the merger, the new company will retain the name Sphere 3D and its NASDAQ listing status, as well as operate 53 MW capacity and 1.2 EH/s Bitcoin mining infrastructure in five data centers in ...
According to reports, Bitcoin mining company Cathedra Bitcoin has announced a full stock merger agreement with technology company Sphere 3D. After the merger, the new company will retain the name Sphere 3D and its NASDAQ listing status, as well as operate 53 MW capacity and 1.2 EH/s Bitcoin mining infrastructure in five data centers in Tennessee, Kentucky, and Iowa. Cathedra Bitcoin shareholders are set to receive 49% of the issued stock post-merger, with plans to expand to 100 MW operational capacity and offer AI and High-Performance Computing (HPC) services in the future. (Blockspace)
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Link: Cathedra Bitcoin to Merge with Sphere 3D for Full Stock Expansion in AI and HPC Services [Copy]
