Sphere 3D mined 16.8 Bitcoin in July 2024; fleet refresh begins with S21s

Sphere 3D Corp.

Mined 16.8 Bitcoin in July 2024, down from 20.4 in June and 59.8 in July 2023.
Mining revenue $1.0M in July vs $1.4M in June; Bitcoin holdings fell to 2.0 from 7.2.
First batch of Bitmain Antminer S21s arrived and energized 0.1 EH/s in Iowa; more S21s expected end of August.
CEO notes targeted M&A pursuits for infrastructure vertical integration are progressing.
Granbury TX hosting partner operational issues caused some machines offline; partial recovery.

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