Sphere 3D mines 61 Bitcoin in Jan 2024, up 61% YoY; hash rate drops to 1.2 EH/s on machine transfers

Sphere 3D Corp.

Mined 61.0 Bitcoin in January, a 61% increase year-over-year, but down 17% from December.
Month-end operating hash rate of 1.2 EH/s; uptime 82% amid machine transfers and dispute.
Dispute with Gryphon over ~21.6 BTC ($0.9M) withheld; exploring legal/regulatory options.
Settling Core litigation, taking equity delivery; transferred miners to new hosting provider.
Preparing for upcoming Bitcoin halving; pursuing M&A and organic growth opportunities.

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