Sphere 3D Receives Buy Rating Ahead of Gryphon Digital Mining Merger

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Sphere 3D, a knowledge administration firm that trades on the Nasdaq, and privately held Gryphon Digital Mining, which focuses on mining bitcoin via 100% renewable power, introduced in June they have been going public via a reverse merger. Under phrases of the deal, Sphere stated it is going to concern 111 million shares to Gryphon shareholders, who will management 77% of the mixed firm. Sphere holders will personal the remaining 23%.