Sphere 3D, Gryphon Sign Hosting Services Deal With Core Scientific

Sphere 3D, the Nasdaq-listed data-management company that’s being bought by Gryphon Digital Mining, reached an agreement for Core Scientific to host and manage about 230 megawatts of bitcoin mining capacity.

• The agreement covers 71,000 bitcoin mining machines, including 60,000 the companies agreed to buy in an August deal with Hertford Advisors.
• The hosting arrangement is the largest in Core Scientific’s history, according to a statement Wednesday.
• The mining machines will be installed over a period of 14 months and use 100% net carbon neutral power.
• The merger between Sphere (NASDAQ: ANY) and Gryphon is expected to be completed in the fourth quarter.

See also: Core Scientific to Build 300MW Blockchain Data Center in Texas