Sphere 3D Corp Stock Price, News & Analysis

Sphere 3D Corp. (NASDAQ: ANY) received a deficiency notice from Nasdaq due to non-compliance with Rule 5605(c)(2)(A), which mandates audit committee independence. The issue arose from a discretionary bonus payment to Audit Committee member Patricia Trompeter, who resigned from the committee on March 7, 2022, but remains on the Board. The notice does not affect the company's Nasdaq listing or operations. Sphere 3D is preparing a compliance plan, including appointing a new audit committee member.

Sphere 3D Corp. (NASDAQ: ANY) has announced a significant agreement to acquire 60,000 next-generation NM440 bitcoin miners, enhancing its position as a carbon-neutral bitcoin mining leader. The deal, worth up to $1.7 billion, includes $400 million in stock, $29 million in cash, and potential milestone payments. The NM440 miners offer a hash rate of 440 TH/s, with deployment expected to increase capacity by 440% over 13 months. The acquisition will enable Sphere 3D to achieve a total hash rate of 32.4 EH/s, representing approximately 14% of the current global network hash rate.

NuMiner Technologies has launched the NM440 bitcoin miner, which boasts a hash rate of 440 TH/s and a power efficiency ratio of 20.2 J/TH, establishing a new standard in the industry. The company entered a $1.7 billion sale agreement with Sphere 3D for 60,000 NM440 miners, expected to represent ~15% of the global network hash rate. Deliveries are set to begin in the second quarter of 2022. This agreement emphasizes both companies' commitment to sustainable and renewable energy usage in cryptocurrency mining.

Gryphon Digital Mining will present at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 12:30 pm EST. CEO Rob Chang expressed enthusiasm for sharing Gryphon's growth and carbon negative ESG strategy with attendees. The expo will showcase approximately 50 companies from various tech sectors, including blockchain and bitcoin mining. Gryphon aims to lead in sustainable crypto mining, focusing on hydro-electric and renewable energy sources. The company is also involved in a planned merger with Sphere 3D (NASDAQ: ANY), expected to complete in Q1 2022.

Gryphon Digital Mining announced CEO Rob Chang will speak at the virtual MarketWatch - Investing In Crypto Conference on October 27 and November 3, 2021. The conference focuses on insights into the crypto sector post-China's mining ban. Gryphon, recognized as a leading and carbon-negative bitcoin miner, aims to provide 100% carbon-neutral operations. The company is set to merge with Sphere 3D (Nasdaq: ANY), allowing shareholders to become part of the new entity. The merger is anticipated to close in Q4 2021, subject to regulatory and shareholder approvals.

Gryphon Digital Mining has begun operating its first batch of 7,200 S19J Pro Antminers, marking a significant shift from aspiration to active bitcoin production. This deployment enhances Gryphon's goal to lead in bitcoin mining while maintaining a zero carbon footprint. The new fleet is expected to yield 720 PH/s of hashing power, ranking Gryphon among the top 15 global miners. The company emphasizes its commitment to sustainability, as its operations will rely on 100% renewable energy. Additionally, Gryphon is set to merge with Sphere 3D (Nasdaq: ANY), pending shareholder and regulatory approval, expected to conclude in Q4 2021.

Gryphon Digital Mining has appointed Chris Ensey, a leading expert in cryptocurrency mining, as Chief Technical Advisor. Ensey, formerly COO of Riot Blockchain, brings extensive experience in cybersecurity and operational efficiency. His appointment is part of Gryphon's strategy to strengthen its position in the renewable bitcoin mining sector. Rob Chang, CEO of Gryphon, expressed enthusiasm about Ensey's talent and expertise contributing to the company's growth. Gryphon is moving forward with its merger with Sphere 3D (Nasdaq: ANY), aiming to provide sustainable mining solutions.

Gryphon Digital Mining announced a significant merger agreement with Sphere 3D (Nasdaq: ANY) and a purchase of 7,200 Antminer S19J Pro mining machines from Bitmain for $48 million. This purchase aims to boost Gryphon's Bitcoin hash rate while maintaining a zero carbon footprint. The S19J Pro miners are recognized for their high efficiency and longevity. Deliveries will begin in August 2021, contributing to Gryphon's strategy of operating exclusively on renewable energy. The merger is expected to equate Gryphon shareholders with substantial interests in Sphere 3D.

Gryphon Digital Mining has entered a merger agreement with Sphere 3D (Nasdaq: ANY), aiming to bring the first 100% renewable energy bitcoin mining company to public markets. Notable global influencers, including Addison Rae and Griffin Johnson, are backing Gryphon's initiative. The company commits to a zero carbon footprint by utilizing renewable energy for mining operations. Gryphon is also a signatory of the Crypto Climate Accord, pledging carbon neutrality by 2030. The merger seeks to support Gryphon's plans for sustainable crypto operations in a rapidly evolving industry.