Sphere 3D (NASDAQ:ANY) produced 37.84 bitcoin (BTC-USD) in January 2023, representing a growth of 111% month over month.
The cryptocurrency miner mined 1.26 bitcoin per day, with its fleet operating at 108.9 BTC/EH efficiency. Daily production volume increased 118% compared to December 2022.
As of January 31, 2023, the Company was operating around 4,330 S19j Pros miners delivering a production capacity of ~433 PH/s.
Bitcoin held by the company represents a fair market value of ~$0.4M based on the bitcoin price of $23,079 on January 31, 2023.
CEO comments: “January was another pivotal month for Sphere 3D, with the receipt of approximately 11,000 miners and a long-awaited boost in the price of bitcoin. Once fully deployed and hashing, Sphere 3D’s fleet will total approximately 15,000 units, with a production capacity of over 1.6 EH/s. […] Last year was challenging for the industry, however we believe that the market will start to stabilize in the first quarter. Our team is working diligently to ensure all miners are deployed and hashing by the end of the first quarter.”
Shares of Sphere 3D (ANY) dipped over 4% in premarket hours
