Sphere 3D shareholders approve Cathedra Bitcoin combination, closing set for June 1
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Sphere 3D shareholders have approved the business combination with Cathedra Bitcoin, which includes issuing common shares to Cathedra shareholders. The deal is set to close on June 1, 2026, and will result in a combined company operating over 50 megawatts of power infrastructure in Tennessee and Kentucky, with no outstanding debt. Management is considering retrofitting sites for AI and high-performance computing, but no decisions have been made.
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