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Joel Block

Joel Block

CEO of combined Sphere 3D

Appears in 1 story

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Bitcoin miners consolidate and pivot to AI compute

Money Moves

Took over as chief executive on June 1, 2026

Sphere 3D closed its all-stock merger with Cathedra Bitcoin on June 1, 2026, creating a debt-free company with 53 megawatts of power capacity across five sites in Iowa, Kentucky, and Tennessee. The combined platform plans to chase a different customer than the one that built the industry: artificial intelligence and high-performance computing workloads that need vast amounts of electricity.

Updated Yesterday