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Kurt Kalbfleisch

Kurt Kalbfleisch

CFO of combined Sphere 3D

Appears in 1 story

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Bitcoin miners consolidate and pivot to AI compute

Money Moves

Stayed on as CFO and joined the board

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