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Sphere 3D Corp. to Launch Low-Cost Iowa Data Center

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Sphere 3D Corp. to Launch Low-Cost Iowa Data Center

Sphere 3D (ANY) has released an update.

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Sphere 3D Corp., a Bitcoin mining company, has announced plans to develop a new 12.5 megawatt data center in Iowa, aiming for operational readiness by December 2024 with energy costs below 4 cents. The company has engaged in a three-year managed services contract with Simple Mining LLC for site operation, marking a strategic move towards self-sufficiency, cost reduction, and sustained growth.

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