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

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