Sphere 3D Stock is Speculative Bitcoin Renewable Energy Mining Play
Virtualization and data management company Sphere 3D (NASDAQ: ANY) stock spiked on the announcement of merging with bitcoin miner Gryphon Digital Mini...
Free Book Preview
Money-Smart Solopreneur
This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success.
Email
This story originally appeared on MarketBeat
Virtualization and data management company
Sphere 3D (NASDAQ: ANY) stock spiked on the announcement of merging with bitcoin miner Gryphon Digital Mining in Q3 2021. The virtualization, HVE converged and hyper-converged infrastructure solutions provider is jumping on the bitcoin bandwagon with a twist. The notion that bitcoin mining contributing to global warming can be linked to the tremendous amount of energy needed to power the rigs to mine the bitcoin. This energy is usually from the grid and powered by traditional coal, which generates carbon. The source of the electricity that powers bitcoin miners has been raised by leading influencers like Elon Musk, the CEO of