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The firms said they terminated the merger plan announced last June because of the current unfavourable market conditions. (Read More)
The planned merger has been canceled but the two companies still have a good working relationship, aiming for carbon-neutrality in their mining operations.
Sphere 3D has filed a lawsuit against Gryphon Digital Mining over an alleged spoofing attack that resulted in the irregular transfer of Bitcoin. Gryphon's CEO allegedly wired 18 BTC in January to a fraudster posing as Sphere 3D's chief financial officer through a spoofing attack. (Read More)
Sphere 3D, a crypto miner, has filed a lawsuit against Gryphon Digital Mining, its partner, after an alleged spoofing attack led to the irregular transfer of Bitcoin. Gryphon CEO allegedly wired BTC to a fraudster posing as Sphere 3D's CFO. Sphere 3D accuses Gryphon of violating their contractual duties and putting the company's assets at significant risk. (Read More)
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