Tags: Mergers

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Toronto, Canada (Shutterstock)

“We‘ve been working for 4 weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.

The miner is looking to use mined bitcoin and equity to pay for its growth plans.

The deal is a major consolidation move in the bitcoin mining industry.

Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D.

The combination would create the country’s largest cryptocurrency exchange.