This transaction provides POSaBIT with an opportunity to combine complementary offerings to scale its business and expand its footprint with established platforms. POSaBIT will be acquiring MJ Freeway, including MJ Platform and Leaf Data System brands, and Ample Organics. Through its self-mining operations and royalty stream, Gryphon has a potential revenue generating profile of 1.1 exahash per second (“EH/s”) on a cost basis of 0.75 EH/s. Since it commenced bitcoin mining operations in September 2021, Gryphon has consistently ranked among the top three miners on a bitcoin efficiency 1 basis according to publicly available data and has finished at or tied for first place in nine of the 12 months of 2022. Gryphon brings a top-tier bitcoin mining operation to Akerna shareholders. The merger is expected to provide Akerna shareholders with access to the bitcoin mining industry with one of its premier operators. Upon completion of the merger, Akerna will change its name to Gryphon Digital Mining, Inc. 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. 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. (“Akerna”) (Nasdaq: KERN) today announced it will merge with Gryphon Digital Mining, Inc. Gryphon Digital Mining, a privately held bitcoin mining company, to merge with Akerna in an all-stock transaction that will advance Gryphon’s leading ESG-committed, carbon neutral bitcoin mining businessĪkerna to sell its cannabis software business, including MJ Platform and Leaf Data Systems, to POSaBIT in a $4 million cash transactionĭENVER, Jan.
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