TechFlow News, March 7: According to Blockspace, Bitcoin mining company Cathedra Bitcoin announced a stock-for-stock merger agreement with technology company Sphere 3D. Following the merger, the combined company will retain the Sphere 3D name and its listing on the Nasdaq. It will continue operating five data centers in Tennessee, Kentucky, and Iowa, with 53 MW of capacity and 1.2 EH/s of Bitcoin mining infrastructure. Cathedra Bitcoin shareholders are expected to receive 49% of the merged company’s issued shares. The company also plans to expand its operational capacity by an additional 100 MW and offer AI and high-performance computing (HPC) services.
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