Financial PerformanceSphere 3D reported mining revenue of $2.8M, surpassing the previous estimate and indicating strong performance in the sector.
Operational EfficiencySphere 3D's first self-owned mining site in Iowa is operational, reducing dependence on hosting agreements and investing in power and infrastructure.
ProfitabilityThe 8MW power deal offers a rate almost half of Sphere's hosting agreements, boosting profitability and moving the company toward cash generation.