Sphere 3D Shares Surge 57% as Cathedra Merger Wraps Up
Sphere 3D Corp. shares surged roughly 57% in busy Nasdaq trading Monday after the bitcoin miner said it closed its merger with Cathedra Bitcoin. The companies said the deal will make for a bigger power-backed digital infrastructure business. The stock last traded at $2.99, down from a high of $4.32 earlier, with more than 55 million shares changing hands.
