Akerna Corp. Announces Merger with Gryphon Digital Mining and Sale of Software Business to POSaBIT
DENVER — Akerna Corp. (“Akerna”) (Nasdaq: KERN) today announced it will merge with Gryphon Digital Mining, Inc. (“Gryphon”) in an all-stock deal. Simultaneously with the closing of the merger with Gryphon, Akerna will sell its software business to POSaBIT Systems Corporation (“POSaBIT”) (CSE: PBIT, OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry. Gryphon, a leading net carbon neutral bitcoin miner, will be merging with Akerna by way of an Agreement and Plan of Merger to create a leading, ESG-committed, carbon-neutral bitcoin miner. Upon completion of the merger, Akerna will change its name to Gryphon Digital Mining, Inc. The merger is expected to provide Akerna shareholders with access to the bitcoin mining industry with one of its premier operators. Gryphon brings a top-tier bitcoin mining operation to Akerna shareholders. Since it commenced bitcoin mining operations in September 2021, Gryphon has consistently ranked among the top three miners on...