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Why This Crypto Mining Stock Soared 26% Today

·1 min read
Why This Crypto Mining Stock Soared 26% Today
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Shares of Sphere 3D (NASDAQ: ANY) jumped 26% on Wednesday after its future merger partner Gryphon Digital Mining announced it had received a shipment of machines that will be used to mine Bitcoin (CRYPTO: BTC) in a carbon-neutral manner. On Wednesday, Gryphon Digital Mining announced it had installed its first batch of 7,200 S19J Pro Antminers and will continue to receive 600 machines on a monthly basis. To do so, it has agreed to merge with Gryphon Digital Mining.