Gryphon Digital Mining announces takeover of cannabis producer Akerna

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Gryphon Digital and Akerna pool capital to advance the carbon-neutral bitcoin mining company. In doing so, Gryphon will acquire the status of a publicly traded company.

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As it became known from the joint statement of the project participants, the public cannabis company Akerna (KERN), as part of the merger procedure, will sell its software business to competing companies MJ Platform and Leaf Data Systems.

The buyer will be POSaBIT, a leading provider of payment infrastructure for the cannabis industry. The deal will be worth approximately $4 million. After the merger is completed, Akerna will change its name to Gryphon Digital Mining.

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Mining company shareholders will own about 92.5% of the new joint stock company, while Akerna shareholders will own about 7.5%.

Previously, Mendocino Clone Company, a medical marijuana grower, entered into an agreement with the EMTRI project and Global Compliance Applications to use distributed ledger technology to keep track of cannabis shipments.

Source: Bits

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