{"id":426717,"date":"2022-04-05T08:16:00","date_gmt":"2022-04-05T05:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gryphon-and-sphere-3d-merger-scrapped-but-carbon-neutral-mining-continues\/"},"modified":"2022-04-05T08:16:00","modified_gmt":"2022-04-05T05:16:00","slug":"gryphon-and-sphere-3d-merger-scrapped-but-carbon-neutral-mining-continues","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gryphon-and-sphere-3d-merger-scrapped-but-carbon-neutral-mining-continues\/","title":{"rendered":"# Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3386457b854\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3386457b854\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gryphon-and-sphere-3d-merger-scrapped-but-carbon-neutral-mining-continues\/#%E2%80%9D_Gryphon_and_Sphere_3D_merger_scrapped_but_carbon-neutral_mining_continues_%E2%80%9C\" >&#8221; Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Gryphon_and_Sphere_3D_merger_scrapped_but_carbon-neutral_mining_continues_%E2%80%9C\"><\/span>&#8221; Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMTk0NDA2NDgtZDllYi00ODQxLWFlYmQtZmI4Mjg3YjYxMTU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.<\/p>\n<p>An April 4 joint <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20220404005997\/en\/\">statement<\/a> from the two crypto mining companies revealed that scr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing the merger was a mutual decision \u201cdue to changing market conditions, the passage of time, and the relative financial positions of the companies.\u201d The cancellation will apparently not stop either company from moving forward with plans on building carbon-neutral Bitcoin (BTC) mining facilities. <\/p>\n<p>The merger was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/sphere-3d-corp-announces-merger-132600536.html\">announced<\/a> last June and would have seen the two companies become one under the Gryphon name. It also would have made Gryphon a publicly-traded company by virtue of the fact that Canada-based Sphere 3D is already trading under the ANY ticker on NASDAQ.<\/p>\n<p>Gryphon claims to be the first carbon-negative miner by acquiring 500,000 carbon offset credits. Neither Sphere 3D nor Gryphon responded to comments on how they achieved net neutrality.<\/p>\n<p>The firms already have a close working relationship about which Gryphon CEO Rob Chang said he looks forward to \u201cthe mutual success of both companies.\u201d Gryphon manages Sphere\u2019s mining fleet of 1,000 devices and Sphere expects to grow that fleet by 59,000 devices by June of this year. Gryphon controls 7,200 of its own devices which are collocated by blockchain infrastructure provider Core Scientific. <\/p>\n<p>Last July, Gryphon purchased 7,200 Antminer mining rigs worth about $48 million which helped boost its hash power by about 720 petahashes per second (PH\/s).<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Core Scientific strikes digital gold: Revenue up 800%, gross profit up 2500%<\/em><\/strong><\/p>\n<p>The environmental impact of Bitcoin mining has been the focus of regulators around the world. Operating carbon-neutral facilities could help stave off some of the criticisms caused by Bitcoin mining, such as increased noise pollution and energy grid failures. <\/p>\n<p>One of America\u2019s largest hash power contributors, New York state, is considering a moratorium on mining to give its environmental agency time to explore the impact mining has on the environment. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/gryphon-and-sphere-3d-merger-scrapped-but-carbon-neutral-mining-continues\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues &#8220; Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations. An April 4 joint statement from the two crypto mining companies revealed that scrapping the merger was a mutual decision&#8230;<\/p>\n","protected":false},"author":1,"featured_media":426718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMTk0NDA2NDgtZDllYi00ODQxLWFlYmQtZmI4Mjg3YjYxMTU5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,10595],"class_list":["post-426717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-environment"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=426717"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/426718"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=426717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=426717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=426717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}