According to Blockspace, Bitcoin mining company Cathedra Bitcoin has signed a full stock merger agreement with Sphere 3D. After the transaction is completed, the merged entity will continue to operate under the Sphere 3D name and retain its NASDAQ listing status, with Cathedra Bitcoin shareholders holding approximately 49% of the issued shares of the combined company. The merged company will operate approximately 53 MW of power and 1.2 EH/s of Bitcoin mining capacity, with infrastructure distributed across five data centers in Tennessee, Kentucky, and Iowa. It also plans to advance a 100 MW expansion project and explore AI and high-performance computing (HPC) services.

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