Sphere 3D Reports August 2024 Bitcoin Mining Results and Strategic Updates

Sphere 3D Corp.

12.7 Bitcoin mined in August 2024, compared to 58.3 in Aug 2023 and 16.8 in July 2024.
Second batch of Antminer S21 fleet upgrades arrived, adding 0.2 EH/s with over 800 S21s and S21 Pros.
Developing 12.5 MW site in Iowa with Simple Mining LLC, targeted completion early December 2024.
Contract buyout with Granbury hosting partner to sell older machines and fund new equipment.
CEO expects temporary drop in exahash and bitcoin mined but profitability in first half of 2025.

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