Sphere 3D stock spikes after suggestion that Elon Musk may join Gryphon board

Sphere 3D (ANY +12.4%) shares jump as much as 25% to $7.50 on Monday before pulling back to $6.70 as 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. Shares of ANY gain 43% M/M and 121% Y/Y. "There is no doubt that the biggest concern Elon Musk has with respect to bitcoin miners is in the energy usage part of the equation," Smith said. 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." Recall that in May Elon Musk took to Twitter to