Sphere3D Corp. shares surge 3.15% on Bitcoin

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Sphere3D Corp. shares surge 3.15% on Bitcoin

Sphere 3 D Corp. ANY shares traded higher by 3.15% to $0.46 during Thursday's session. The company provided September 2022 production and mining updates for Bitcoin BTCUSD. Since the company began its mining operations in the first quarter of 2022, Sphere 3 D has produced 91.87Bitcoin and held 78.06Bitcoin on September 30, 2022, according to Sphere 3 D.

A fair market value of the company's currency is estimated to be around $1.52 million based on the price of $19,415 on September 30.

The company had a production capacity of approximately 100 PHs as of the end of last month, with approximately 1,000 S 19 j Pros miners operating at the end of last month.

Sphere 3 D says it continues to employ a HODL strategy for the majority of its holdings. The amount Sphere 3 D used to fund working capital is the difference between Bitcoins mined and Sphere 3 D's holdings.

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Sphere 3 D Corp. focuses on operating as a carbon-neutral mining company. It provides data management solutions through a hybrid cloud, cloud and on-premises implementations directly and through its reseller network and professional services organization.

According to data from Benzinga Pro, Sphere 3 D Corp. has a 52 week high of $8.69 and a 52 week low of $0.42.