Why Is Sphere 3D Stock Trading Higher Today?

by Anusuya Lahiri, Benzinga Editor
August 20, 2021 10:13 AM | 1 min read | Make a Comment
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  • Sphere 3D Corp ANY and Gryphon Digital Mining inked an agreement to purchase an additional 250,000 Certified Emission Reductions (CERs or Credits), each company purchasing 125,000 credits.
  • The credits will support their ESG commitments in light of the recently announced initiatives to increase crypto mining capacity substantially.
  • Additionally, they forged a Master Services Agreement (MSA) for Sphere 3D's direct purchase of crypto mining equipment utilizing Gryphon's expertise. They are also working on their merger plans.
  • Price Action: ANY shares traded higher by 5.57% at $3.79 in the market session on the last check Friday.
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