ANY stock exploded more than 15% on September 27, 2021, on rumors that Elon Musk would be joining its Board.
Elon Musk Rumors
SA Contributor Ashwagandha Smith said Tesla Founder and CEO Elon Musk will likely join Gryphon Digital Mining’s board of directors after its merger with Sphere 3D in Q4 of this year.
Smith notes that on May 24, 2021, Gryphon Digital Mining tweeted the following to Musk: “We are 100% hydro powered and are building a hosting solution that will offer up to 30 GW of wind power for crypto mining. We’d be happy to join the council since we are 100% ESG committed and have achieved it already.” Source: https://seekingalpha.com/news/3745010-sphere-3d-stock-spikes-as-much-as-25-with-rumor-that-elon-musk-will-join-board-post-merger
Bullish Option Flow Detected
Bullish option flow was detected in Sphere 3D with 73,523 calls trading, 1.4x expected, and implied vol increasing over 26 points to 173.67%. Oct-21 $7 calls and Oct-21 $8 calls were the most active options, with total volume in those strikes near 32,300 contracts.
VIDEO ANY SPHERE 3D STOCK WILL BE $12+ IN OCTOBER… DON’T PANIC
Johnny Love gives his opinion on ANY stock on September 21, 2021.
Gryphon Digital Mining Launches First Batch of Its 7,200 S19j Pro Antminers
On September 15, 2021, Gryphon Digital Mining announced that the first batch of its 7,200 S19J Pro Antminers have been installed and are now mining bitcoin. This is transformational for the company as it transitions from an aspirational bitcoin miner to a producer and is yet another milestone in the company’s goal to be the industry-leading bitcoin miner with a zero carbon footprint.
The company will continue to receive batches of 600 machines on a monthly basis, until the total purchase of 7,200 machines are up and running. The order is expected to provide Gryphon with approximately 720 PH/s of hashing power, which places it among the top 15 global miners according to Cointelegraph1. This fleet of high-efficiency miners will be part of one of the only cryptocurrency mining operations with a 100% renewable energy supply.
The purchase of the S19j Pro miners represents an exciting and significant step forward in Gryphon Digital Mining’s strategic initiative to increase its bitcoin hash rate, while simultaneously maintaining a negative carbon footprint. The S19j Pro is the latest model from Bitmain that was released this summer. The new miner boasts a hash rate of 100 TH/s combined with an industry-leading energy efficiency ratio of 29.5 J/TH and an expected life cycle of over five years.
“The deployment of these state-of-the-art machines marks a transformational event for Gryphon as we join the ranks of global active bitcoin miners.. Seeing the machines at work, plugged into an 100% renewable energy supply, is the first of many demonstrations which prove our long-term commitment to the digital asset mining sector in a responsible manner,” said Rob Chang, CEO of Gryphon Digital Mining. To learn more about Gryphon, please visit https://gryphondigitalmining.com/
Gryphon Digital Mining is a Bitcoin mining operation with zero carbon footprint. Gryphon’s long-term strategy is to be the first vertically integrated crypto miner with a wholly-owned, 100 percent renewable energy supply. Gryphon provides reliable, low-cost hydro-electric powered mining with plans to expand to other renewables such as nuclear, wind, and solar power to lower mining’s impact on the environment. Gryphon Digital Mining has entered into an Agreement and Plan of Merger with Sphere 3D (Nasdaq: ANY) through which Gryphon shareholders are expected to become shareholders of Sphere 3D, and the merged company would continue to trade on Nasdaq, subject to shareholder and regulatory approvals. The merger is expected to be complete in Q4/21.
ANY Stock Technical Analysis
Large players volume is rising which is bullish. There is a positive divergence between the price of ANY stock and large players volume. ANY has been consolidating sideways forming excellent support and resistance levels to trade off of. It’s a pretty good setup IMO.