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

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

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

The agreement covers as many as 71,000 bitcoin mining machines.

The agreement covers as many as 71,000 bitcoin mining machines.

The agreement covers as many as 71,000 bitcoin mining machines.

By Sheldon Reback
AccessTimeIconOct 13, 2021, 11:55 AM
Updated May 11, 2023, 5:50 PM
Core Scientific's mining facility in Calvert City, Ky. (Core Scientific)
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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.

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Sheldon Reback

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

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