- Sphere 3D, an IT play with experience in GPU-based solutions is merging with Gryphon Digital Mining to create one of the leaders in Bitcoin production.
- In addition, utilization of green energy as part of the ESG rationale makes a lot of sense with mining activities widely viewed as being power-hungry.
- Sphere will also use its proprietary business solutions to optimize Gryphon's processes to provide more vertical integration synergies to the merger.
- On a cautionary tone, the crypto market remains volatile stemming from regulatory threats.
- Currently, at the $3.88 price level, Sphere is a buy because the way it is proceeding looks like it is setting the bar for the mining companies of the future.
For further details see:
Sphere 3D: Pivoting To Crypto Mining With Leadership Ambitions And Key Differentiators