According to Blockspace, Bitcoin mining companies Cathedra Bitcoin and Sphere 3D have signed an all-stock merger agreement. After the transaction is completed, the merged entity will continue to use the Sphere 3D name and retain its Nasdaq listing status. Cathedra Bitcoin shareholders will hold approximately 49% of the issued shares of the merged company. The merged company will operate around 53 MW of power and 1.2 EH/s Bitcoin hash rate, with infrastructure distributed across five data centers in Tennessee, Kentucky, and Iowa, USA. It also plans to advance a 100 MW expansion project while exploring AI and high-performance computing (HPC) services. https://(x.com)/blockspace/status/2029955966775742826