Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues

Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues

The planned merger has been canceled but the two companies still have a good working relationship, aiming for carbon-neutrality in their mining operations. Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.An April 4 joint statement from the two crypto mining companies revealed that scrapping the merger was a mutual decision “due to changing market conditions, the passage of time, and the relative financial positions of the companies.” The cancellation will apparently not stop either....


Related News

Gryphon Raises $14 Million For Zero-Carbon Bitcoin Mining Operation

Gryphon Digital Mining has raised $14 million for a zero-carbon bitcoin mining operation.

Carbon Neutral Hosting Provider To List On Nasdaq Through Merger

Carbon neutral hosting provider Core Scientific announced it will be listing on the Nasdaq soon through a merger agreement with XPDI.

Bitcoin Mining Operation Greenidge Generation Plans to Be Carbon Neutral Next...

On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral by June 1st and Beyond Ever since Tesla cited environmental concerns over bitcoin (BTC) mining and told the public it would not be accepting BTC for electric cars, the topic has spread widely across social....

Gryphon Mining Buys 7,200 Bitcoin Mining Rigs For $48 Million

Bitcoin mining company in the making Gryphon has announced an agreement to purchase 7,200 Antminer S19J Pro for $48 million from Bitmain.

One River Digital sees spike in demand for carbon neutral Bitcoin

After introducing a new carbon-neutral system for Bitcoin investment in April, One River Digital has already applied for a carbon-neutral BTC ETF. Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of assets” in its institutional Bitcoin fund have chosen to switch to One River’s new carbon-neutrality share class.In April, the company introduced a....