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

Published 04/05/2022, 01:16 AM
Updated 04/06/2022, 03:00 AM
Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues
BTC/USD
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Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.

A Monday 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 company from moving forward with plans on building carbon-neutral Bitcoin (BTC) mining facilities.

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