Techub News reports that, according to Blockspace, Bitcoin mining company Cathedra Bitcoin has announced a merger agreement through a full stock exchange with technology company Sphere 3D. The new company after the merger will retain the Sphere 3D name and its listing status on NASDAQ, and will operate 53 MW capacity and 1.2 EH/s of Bitcoin mining infrastructure across five data centers in Tennessee, Kentucky, and Iowa, seeking a 100 MW expansion opportunity, including in the artificial intelligence/high-performance computing sector. After the transaction is completed, Cathedra Bitcoin shareholders will hold 49% of the issued and outstanding shares of Sphere 3D.

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