Bitcoin mining company Cathedra Bitcoin has announced a merger agreement with technology firm Sphere 3D in an all-stock transaction. According to Odaily, the new entity will retain the Sphere 3D name and its Nasdaq listing status. The merged company will continue to operate five data centers in Tennessee, Kentucky, and Iowa, maintaining a capacity of 53 MW and a Bitcoin mining infrastructure of 1.2 EH/s. Cathedra Bitcoin shareholders will hold 49% of the issued shares post-merger. The company plans to explore opportunities to expand its operational capacity to 100 MW and offer AI and high-performance computing (HPC) services.
