Sphere 3D refutes Gryphon's claim, continues $25M+ lawsuit; June production 20.4 BTC, fleet refresh underway

Sphere 3D Corp.

Gryphon dismissed its negligence claim with prejudice; Sphere continues claims exceeding $25M for spoofing attack.
Mined 20.4 Bitcoin in June 2024, down from 65.1 YoY; sold 15.7 BTC; mining revenue $1.4M.
Month-end deployed hash rate 1.2 EH/s, up from 1.0 EH/s YoY; 11,400 miners deployed.
First batch of Bitmain Antminer S21s arrived; expected online within 1-2 weeks.
In discussions with potential partners for a merger focused on vertical integration.

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