Cryptocurrencies: 6460 / Markets: 47992 Market Cap: 24h Vol:
Seeking Alpha
2021-09-27 19:40:19

Sphere 3D stock spikes after suggestion that Elon Musk may join Gryphon board

Sphere 3D (ANY +12.4%) shares jump as much as 25% to $7.50 on Monday before pulling back to $6.70 as SA Contributor Ashwagandha Smith said Tesla Founder and CEO Elon Musk will likely join Gryphon Digital Mining's board of directors after its merger with Sphere 3D in Q4 of this year. Shares of ANY gain 43% M/M and 121% Y/Y. "There is no doubt that the biggest concern Elon Musk has with respect to bitcoin miners is in the energy usage part of the equation," Smith said. Smith notes that on May 24, 2021, Gryphon Digital Mining tweeted the following to Musk: "We are 100% hydro powered and are building a hosting solution that will offer up to 30 GW of wind power for crypto mining. We'd be happy to join the council since we are 100% ESG committed and have achieved it already." Recall that in May Elon Musk took to Twitter to

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer