Sphere 3D Corp. Provides Bitcoin Production and Mining Updates for June 2022
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Sphere 3D Corp. is dedicated to becoming the leading carbon-neutral Bitcoin mining company operating at an industrial scale. CEO: "Even at the current Bitcoin trading price, it is still profitable for us to continue mining" Company's mining fleet operated at 128 BTC/EH efficiency in June and averaged 97 percent uptime. Company's production, based on a Bitcoin price of $19,889 on June 30, 2022, totaled approximately $242,500 for the month. Since the Company began its mining operations during the first quarter of 2022, it has produced 55.26 coins and held 49.23 Bitcoin. Company continues to employ a HODL strategy and has not liquidated Bitcoin since commencing mining operations. The difference between the number of Bitcoin mined versus its holdings is the Bitcoin Sphere Source