Shares of Sphere 3D Corp. (NASDAQ:ANY) jumped 28.11% to $5.15 in after-hours trading on Monday, following the successful closure of its merger with Canadian digital infrastructure firm Cathedra Bitcoin Inc. This merger, approved by the court, transforms Cathedra into a wholly-owned subsidiary of Sphere 3D, which will continue to trade under the NASDAQ symbol 'ANY.' Joel Block, the new CEO of the combined entity, expressed confidence in their ability to leverage opportunities in high-performance computing and digital asset infrastructure. Insider filings revealed Block's ownership of 362,810 shares, while independent director Nicholas Ray Gates disclosed ownership of 6,555 shares. CFO Kurt Kalbfleisch also reported plans to sell 57,000 shares valued at approximately $182,026. Sphere 3D has a market cap of $17.06 million and has seen a 48.79% drop in stock price over the past year, currently trading at about 26% of its 52-week range.