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Sphere 3D shareholders approve merger with Cathedra Bitcoin, deal closes June 1

Market News
21 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Sphere 3D shareholders have approved the merger with Cathedra Bitcoin, set to close on June 1. The all-stock deal combines 53 MW of power capacity across five data centers in Iowa, Kentucky, and Tennessee, with plans to shift from Bitcoin mining to AI and high-performance computing. Cathedra shareholders will own about 49% of the combined company, which will keep Sphere 3D's NASDAQ listing. Investors should watch for new AI hosting agreements and updates on facility upgrades after the merger closes.

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BlackRock Canada updates risk levels for some iShares ETFs and renames a bond ETF.

BlackRock Canada updates risk levels for some iShares ETFs and renames a bond ETF.

BlackRock Asset Management Canada announced changes to the risk levels of certain iShares ETFs effective June 19, 2026. The iShares India Index ETF and iShares 20+ Year U.S. Treasury Bond Index ETF (in CAD) have their risk levels lowered from medium-...

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56 minutes ago
Bunker Hill Mining director Mark Child resigns amid mine redevelopment progress.

Bunker Hill Mining director Mark Child resigns amid mine redevelopment progress.

Bunker Hill Mining Corp. announced the immediate resignation of director Mark Child, who contributed to advancing the restart of the historic Bunker Hill Mine in Idaho. The company thanked Child for his service during a key redevelopment phase and wi...

Company Fundamentals
Neutral
4 hours ago
America’s Car-Mart secures lender agreement for covenant relief to support strategic review process.

America’s Car-Mart secures lender agreement for covenant relief to support strategic review process.

America’s Car-Mart, Inc. has amended its Credit and Guaranty Agreement with lenders to gain covenant relief and extend the timeline for its ongoing strategic review. This amendment waives certain defaults and provides a runway through September 2026,...

Company Fundamentals
Neutral
4 hours ago
BlackRock Canada updates risk ratings for select iShares ETFs and renames a bond ETF.

BlackRock Canada updates risk ratings for select iShares ETFs and renames a bond ETF.

BlackRock Asset Management Canada has revised the investment risk ratings for three iShares ETFs, lowering the risk for the iShares India Index ETF and the Canadian dollar units of the iShares 20+ Year U.S. Treasury Bond Index ETF from Medium to High...

Market News
Neutral
4 hours ago
EEM ETF charges 0.69% fees vs 0.09% for similar IEMG, costing investors more with little extra benefit.

EEM ETF charges 0.69% fees vs 0.09% for similar IEMG, costing investors more with little extra benefit.

The iShares MSCI Emerging Markets ETF (EEM) charges a 0.69% annual fee, significantly higher than the 0.09% fee of its similar counterpart, the iShares Core MSCI Emerging Markets ETF (IEMG). Both funds offer nearly identical exposure to emerging mark...

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