Under terms of the deal, Sphere said it will issue 111 million shares to Gryphon shareholders. Sphere 3D shareholders are expected to own approximately 62% of the company and Gryphon shareholders will own the remaining 38%. Gryphon CEO Rob Chang, who previously served as CFO of bitcoin miner Riot Blockchain, will be CEO of the combined company, which will take the Gryphon … [Read more...] about Gryphon Digital Mining Delays Plan to Become Publicly Traded
Gryphon
Sphere 3D Receives Buy Rating Ahead of Gryphon Digital Mining Merger
Sphere 3D, a data management company that trades on the Nasdaq, and privately held Gryphon Digital Mining, which focuses on mining bitcoin through 100% renewable energy, announced in June they were going public through a reverse merger. Under terms of the deal, Sphere said it will issue 111 million shares to Gryphon shareholders, who will control 77% of the combined company. … [Read more...] about Sphere 3D Receives Buy Rating Ahead of Gryphon Digital Mining Merger
US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain
Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs.According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in August 2021, Bitmain will deliver 600 mining rigs to Gryphon each month as part of the deal. The … [Read more...] about US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain