Bitcoin mining company Cathedra Bitcoin and Sphere 3D reach all-stock merger to expand AI and HPC services

SmartContractAuditor · 2026-03-07T02:47:23+00:00

Bitcoin mining company Cathedra Bitcoin has reached a full stock-for-stock merger agreement with Sphere 3D. After the merger, the Sphere 3D name and NASDAQ listing will be retained, and the company will continue operating mining infrastructure in multiple states. It also plans to expand its operational capacity by 100 MW and offer AI and high-performance computing services.

SmartContractAuditor

2026-03-07 02:47:23

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Odaily Planet Daily reports that Bitcoin mining company Cathedra Bitcoin has announced a merger agreement with technology company Sphere 3D through a stock-for-stock transaction. After the merger, the new company will retain the Sphere 3D name and NASDAQ listing status, and will continue operating five data centers in Tennessee, Kentucky, and Iowa with a total capacity of 53 MW and 1.2 EH/s of Bitcoin mining infrastructure. It is understood that Cathedra Bitcoin shareholders will receive 49% of the issued shares after the merger. Future plans include expanding to a 100 MW operational capacity and developing AI and high-performance computing (HPC) services. (Blockspace)

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