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Markets: 112833
Cryptocurrencies: 29369
Markets: 112833
Market Cap: $2,166,161,064,961     
24h Vol: $58,377,025,419
Seeking Alpha 2023-01-11 13:17:26

Sphere 3D's bitcoin production rises 74% M/M in December

Sphere 3D's bitcoin production rises 74% M/M in December
Sphere 3D ( NASDAQ: ANY ) shares gained 2% in Wednesday's premarket session after bitcoin miner reported a 74% M/M growth in bitcoin ( BTC-USD ) production for December 2022. The company mined 17.93 bitcoin or 0.58/day in the month, with its mining fleet operating at 113.3 BTC/EH efficiency. Based on a bitcoin price of $16,510 on December 31, 2022, the equivalent approximate value of December production totaled $296,024. However, severe weather across North America in late December caused brief downtime across each of Sphere 3D's ( ANY ) hosting sites. Since the company began its mining operations during the first quarter of 2022, it has produced 131.01 bitcoin. It held 103.01 bitcoin as of December 31, 2022.
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