Sphere 3D Focuses on Cost-Effective Bitcoin Mining
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Sphere 3D Focuses on Cost-Effective Bitcoin Mining

Story Highlights
  • Sphere 3D Corp. saw a decline in Bitcoin production as it shifts to cheaper hosting sites.
  • The company is boosting operations with new machines and a cost-effective site in Iowa.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Sphere 3D (ANY) has released an update.

Sphere 3D Corp. reported a decline in Bitcoin production for September 2024, aligning with its strategic focus on transitioning to lower-cost hosting sites. The company is enhancing its operations by adding higher-efficiency machines and developing a new hosting site in Iowa, which is expected to boost production capacity at reduced energy costs.

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