Sphere 3D's ( NASDAQ: ANY ) bitcoin ( BTC-USD ) production stood at 11.06 in September, the lowest level since March, due to an increase in mining difficulty (competition) and a shorter month , it said Thursday.
It's bitcoin ( BTC-USD ) holdings, though, has grown sequentially since it started mining operations in Q1 2022, marked at 78.06 in September. Of note, the difference between BTC mined and Sphere 3D's ( ANY ) holdings (67 BTC in September) is the amount the company used to fund working capital.
Bitcoin ( BTC-USD ) held by the company represents a fair market value of about $1.52M based on the BTC price of $19,415 on September 30, it said.
The miner was operating ~1K S19j Pros miners delivering a production capacity of ~100 petahashes per second.
Previously, (Sep. 20) Sphere 3D secures delivery of 2,946 S19j Pros from U.S. customs .
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Sphere 3D mines least amount of bitcoins since March as mining difficulty climbs