Sphere 3D (ANY) Reaches Settlement with Core Scientific

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Go back to Sphere 3D (ANY) Reaches Settlement with Core Scientific

Sphere 3D Announces Agreement with Core Scientific

January 23, 2024 7:47 AM EST

Toronto, Ontario--(Newsfile Corp. - January 23, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), dedicated to becoming the leading carbon-neutral Bitcoin mining company has reached a settlement agreement (the "Settlement Agreement") with Core Scientific, Inc. (together with its affiliates, "Core") which was approved by United States Bankruptcy Judge Christopher M. Lopez on January 16, 2024 as part of Core's emergence from bankruptcy. Pursuant to the Settlement Agreement:

Sphere 3D will receive $10,000,000 in equity of Core;Sphere 3D will receive access to a pool of... More