Gryphon Digital Mining take over cannabis producer Akerna

Gryphon Digital and Akerna announced their merger. Akerna, famous for producing cannabis, will now be owned by a mining farm, and the pooling of capital will contribute to the development of a carbon-neutral way to mine the flagship cryptocurrency.

In addition, through this merger, Gryphon Digital will be able to achieve the status of a publicly traded company. Akerna, in turn, will be able to create a business for the production of software for competing companies represented by MJ Platform and Leaf Data Systems. In addition, Akerna will be rebranded as Gryphon Digital Mining upon completion of the transaction.

The purchase of Akerna will be the responsibility of POSaBIT, an organization dealing with payment systems in the cannabis industry. According to available information, the deal will cost buyers $4,000,000.

Once the deal goes through, Gryphon Digital Mining will have a 92.5% stake in the community, while Akerna will have the remaining 7.5%.

Such an agreement is not the first in recent times, taking place at the junction between the cryptocurrency industry and the production of not the most common substances. Earlier it became known that the Clone Company, known for growing medical marijuana, entered into a partnership agreement with the EMTRI project and Global Compliance Applications.

Within the framework of this cooperation, it is planned to use distributed registry technology when taking into account the movement of cannabis supplies. In the case of cooperation between Gryphon Digital Mining and Akerna, a cryptocurrency company engaged in bitcoin mining will remain in the black.