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Stock impact report

Sphere 3D produces 34% fewer bitcoins M/M in February [Seeking Alpha]

Sphere 3D Corp. - Common Shares (ANY) 
NASDAQ:AMEX Investor Relations: investors.sphere3d.com
Company Research Source: Seeking Alpha
"We mined fewer Bitcoin because our hosting partner in Springfield, MO was down for the month due to technical issues," said Sphere 3D CEO Patricia Trompeter. "We are pushing them for a resolution," she added. During the month, the company sold 42.3 bitcoins ( BTC-USD ), trailing January's 76.4 and slightly exceeding the 41.5 BTC sold a year ago. Mining revenue amounted to $1.9M vs. $2.6M in the prior month and $0.8M in February 2023. At the end of February, its deployed hash rate stood at 1.2 exahashes per second (EH/s), unchanged from January and up from 0.4 EH/s a year before. Similarly, the number of its deployed miners held steady M/M at ~12.3K, and rose from ~4.33K in February 2023. Recommended For You More Trending News Recommended For You More Trending News Related Stocks In The News Trending Analysis Trending News Show less Read more
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