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Bitcoin Mining firm Cathedra Bitcoin has entered into an all-stock merger with Sphere 3D to expand its AI and HPC services
Svmuu News Bitcoin Mining company Cathedra Bitcoin has announced that it has entered into an all-stock merger agreement with technology company Sphere 3D.Upon completion of the merger, the new company will retain the Sphere 3D name and its listing on the Nasdaq, as well as its five data centers in Tennessee, Kentucky, and Iowa, which operate 53 MW of capacity and 1.2 EH/s of Bitcoin mining infrastructure.It is reported that Cathedra Bitcoin shareholders will receive 49% of the post-merger issued shares. Future plans include expanding operational capacity by 100 MW, as well as developing AI and high-performance computing (HPC) services. (Blockspace)
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