Gryphon Will Be Listed On Nasdaq

Bitcoin mining company Gryphon announced that it will go public for listing on the Nasdaq.

Gryphon will be listed on Nasdaq. Gryphon Digital Mining is based in the USA and mining Bitcoin with 100% renewable energy. The mining company will complete this process by merging with the data management company Sphere 3D. It has been reported that 111 million shares will be given to the shareholders of the Bitcoin mining company, which will control 77 percent of the joint company that will be formed after the merger, and Sphere 3D shareholders will retain the remaining 23 percent. The value of the company, which will be formed from the merger according to the price of Sphere 3D shares, is currently known as 184 billion dollars. The name of the new company that will arise from the merger will be Gryphon, and Gryphon CEO Rob Chang, who previously worked in the sector and was the CEO of Riot Blockchain, another mining company, will manage the new company. After the agreement can be completed and the bureaucratic procedures are completed, the merger will take place. There is a deadline until the third quarter of this year for the agreement to be completed.

Commenting on the subject, Sphere 3D CEO Peter Tassiopoulos said:

“We have been designing GPU-based systems for many years, and it is exciting that Gryphon will leverage our experience to improve the performance of their operations… The merger of the two companies will also create tremendous value for shareholders.”