Sphere 3D mined 9.2 Bitcoin in Sept 2024; hash rate down to 0.7 EH/s amid strategic shift

Sphere 3D Corp.

Bitcoin mined 9.2 in Sept, down from 12.7 in Aug and 63.6 in Sept 2023; mining revenue $0.6M.
Month-end deployed hash rate 0.7 EH/s, down from 1.0 EH/s in Aug; contract buyout strengthens balance sheet.
Developing 12.5 MW Iowa hosting site with sub $0.04/kWh power; energization begins Dec 2024.
Deploying 875 of 1000 Bitmain S21s and 1500 XP miners, adding ~0.41 EH/s total.
Debt-free with shelf registration for capital access; exploring acquisitions/partnerships.

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