Double Digit NASDAQ Stock Winners: GSKY, ANY, UROY

8:03 am Thursday, September 16th, 2021

Following are major stock gainers on Nasdaq in Wednesday’s trading session:

GreenSky, Inc. (NASDAQ:GSKY) was the active stock gainer on Wednesday and soared 53% to $11.90 following a move by Goldman Sachs GS to buy the online ‘buy now, pay later’ lending platform for around $2.2 billion.

GreenSky, which went public in a 2018 IPO that raised $874 million for the Atlanta-based group, offers “simple and transparent home improvement financing solutions for approximately four million customers”, according to Goldman, which was on of the underwriters of the original listing. GreenSky will be aligned with Goldman’s online banking platform known as ‘Marcus’, the companies said. Goldman will pay $12.11 a share for GreenSky, a price that values the lender at $2.24 billion. The deal is expected to close before the end of the year.

Sphere 3D Corp. (NASDAQ:ANY) stock surged 26% to $1.35 after its future merger partner Gryphon Digital Mining announced it had received a shipment of machines that will be used to mine Bitcoin (CRYPTO:BTC) in a carbon-neutral manner. Shares of the stock were up 35% on the news and are now up almost 400% year to date.

On Wednesday, Gryphon Digital Mining announced it had installed its first batch of 7,200 S19J Pro Antminers and will continue to receive 600 machines on a monthly basis. How does this relate to Sphere 3D? Well, the company, which was originally a cloud-based software provider, has transitioned to trying to mine Bitcoin in an environmentally friendly manner. To do so, it has agreed to merge with Gryphon Digital Mining. (The merger hasn’t been finalized yet.)

Uranium Royalty Corp. (NASDAQ:UROY) moved up 25.35% to $5.39 after the company announces that it is entering into contracts for three additional spot purchases totaling 300,000 pounds of U3O8 at an average cost of US$38.17 per pound U3O8. Deliveries are scheduled for September/October 2021 and will be accomplished through book transfers to URC’s storage account at Cameco Corporation’s Fuel Services facilities in Ontario, Canada. This acquisition is fully funded with cash on hand. As of September 14, 2021, URC has C$80 million in cash, marketable securities and physical uranium.