Sphere 3D Soars 57% After Completing Cathedra Bitcoin Merger
Sphere 3D shares jumped 57% after finalizing its merger with Cathedra Bitcoin, forming a larger digital infrastructure company with 53 MW online capacity and 1.2 EH/s hash rate. The stock traded at $2.99 on heavy volume, though Q1 revenue fell to $1.9 million with a $4.1 million net loss.
Crypto
