Brief: Sphere 3D Says Produced 12.19 Bitcoin During June 2022
07/07/2022 22:54
July 7 (Reuters) - Sphere 3D Corp ANY.O :
* SPHERE 3D CORP- PRODUCED 12.19 BITCOIN DURING JUNE 2022
* SPHERE 3D CORP - WORKING WITH OUR PARTNER BITFUFU
TECHNOLOGY
('BITFUFU') TO OPTIMIZE AGREEMENT WE ENTERED INTO AND ANNOUNCED
IN SEPTEMBER 2021
* SPHERE 3D CORP- ON JUNE 20, 2022, CO FINALIZED AN
EMPLOYMENT
AGREEMENT WITH KURT KALBFLEISCH TO CONTINUE HIS EMPLOYMENT AS
CHIEF FINANCIAL OFFICER
* SPHERE 3D-RECENT ACTIONS BY FEDERAL RESERVE DELAYED
EFFORTS TO
SECURE FUNDING FOR BALANCE OF MINING FLEET AT FAVORABLE TERMS
* SPHERE 3D CORP - CONTINUES TO EMPLOY A HODL STRATEGY AND
HAS NOT
LIQUIDATED BITCOIN SINCE COMMENCING MINING OPERATIONS
* SPHERE 3D - WHILE WE EXPECT TO SEE AN INCREMENTAL
PRODUCTION
INCREASE IN JULY 2022, ALL MINERS ARE NOT EXPECTED TO BE FULLY
OPERATIONAL DURING MONTH
* SPHERE 3D CORP - EVEN AT CURRENT BITCOIN TRADING PRICE, IT
IS
STILL PROFITABLE FOR SPHERE 3D TO CONTINUE MINING
Source text for Eikon: ID:nBwbSw6YPa
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((Reuters.Briefs@thomsonreuters.com;))