Sphere 3D Launches First Vertically Integrated Bitcoin Mining Facility
Sphere 3D Corp (NASDAQ: ANY) has announced the launch of its first self-owned Bitcoin mining facility in Iowa, marking a strategic shift from hosted and third-party operations to full infrastructure ownership and control. The new vertically integrated model enables the company to:
- Direct management of power procurement with energy costs below $4 per MWh
- Enhanced operational efficiency and cost structure control
- Improved profit margins through infrastructure ownership
- Greater flexibility in energy strategy
Acting CEO Kurt Kalbfleisch emphasized this launch as a pivotal moment for the company, highlighting how vertical integration strengthens their position in the competitive Bitcoin mining landscape. The Iowa facility represents the first phase of Sphere 3D's expansion plans for its vertically integrated model.
Sphere 3D Corp (NASDAQ: ANY) ha annunciato il lancio della sua prima struttura di mining di Bitcoin di proprietà in Iowa, segnando un cambiamento strategico dalle operazioni ospitate e di terze parti alla piena proprietà e controllo dell'infrastruttura. Il nuovo modello verticalmente integrato consente all'azienda di:
- Gestire direttamente l'approvvigionamento energetico con costi energetici inferiori a $4 per MWh
- Migliorare l'efficienza operativa e il controllo della struttura dei costi
- Aumentare i margini di profitto attraverso la proprietà dell'infrastruttura
- Maggiore flessibilità nella strategia energetica
Il CEO ad interim Kurt Kalbfleisch ha sottolineato questo lancio come un momento cruciale per l'azienda, evidenziando come l'integrazione verticale rafforzi la loro posizione nel competitivo panorama del mining di Bitcoin. La struttura in Iowa rappresenta la prima fase dei piani di espansione di Sphere 3D per il suo modello verticalmente integrato.
Sphere 3D Corp (NASDAQ: ANY) ha anunciado el lanzamiento de su primera instalación de minería de Bitcoin de propiedad en Iowa, marcando un cambio estratégico de operaciones alojadas y de terceros a la plena propiedad y control de la infraestructura. El nuevo modelo verticalmente integrado permite a la empresa:
- Gestión directa de la adquisición de energía con costos energéticos por debajo de $4 por MWh
- Mejora de la eficiencia operativa y control de la estructura de costos
- Mejora de los márgenes de beneficio a través de la propiedad de la infraestructura
- Mayor flexibilidad en la estrategia energética
El CEO interino Kurt Kalbfleisch enfatizó este lanzamiento como un momento clave para la empresa, destacando cómo la integración vertical fortalece su posición en el competitivo panorama de la minería de Bitcoin. La instalación en Iowa representa la primera fase de los planes de expansión de Sphere 3D para su modelo verticalmente integrado.
Sphere 3D Corp (NASDAQ: ANY)는 아이오와에 자사의 첫 번째 비트코인 채굴 시설을 개설했다고 발표하며, 호스팅 및 제3자 운영에서 완전한 인프라 소유 및 통제로의 전략적 전환을 알렸습니다. 새로운 수직 통합 모델은 회사가:
- $4 미만의 에너지 비용으로 전력 조달을 직접 관리할 수 있게 해줍니다.
- 운영 효율성과 비용 구조 제어를 향상시킵니다.
- 인프라 소유를 통해 이익률을 개선합니다.
- 에너지 전략에서 더 큰 유연성을 제공합니다.
임시 CEO인 Kurt Kalbfleisch는 이번 출범이 회사에 중요한 순간이라고 강조하며, 수직 통합이 비트코인 채굴의 경쟁적인 환경에서 그들의 입지를 강화한다고 밝혔습니다. 아이오와 시설은 Sphere 3D의 수직 통합 모델 확장 계획의 첫 번째 단계입니다.
Sphere 3D Corp (NASDAQ: ANY) a annoncé le lancement de sa première installation de minage de Bitcoin en propre dans l'Iowa, marquant un changement stratégique des opérations hébergées et tierces vers une pleine propriété et un contrôle de l'infrastructure. Le nouveau modèle intégré verticalement permet à l'entreprise de :
- Gérer directement l'approvisionnement en énergie avec des coûts énergétiques inférieurs à 4 $ par MWh
- Améliorer l'efficacité opérationnelle et le contrôle de la structure des coûts
- Améliorer les marges bénéficiaires grâce à la propriété de l'infrastructure
- Bénéficier d'une plus grande flexibilité dans la stratégie énergétique
Le PDG par intérim Kurt Kalbfleisch a souligné ce lancement comme un moment clé pour l'entreprise, mettant en avant comment l'intégration verticale renforce leur position dans le paysage concurrentiel du minage de Bitcoin. L'installation de l'Iowa représente la première phase des plans d'expansion de Sphere 3D pour son modèle intégré verticalement.
Sphere 3D Corp (NASDAQ: ANY) hat den Start seiner ersten eigenen Bitcoin-Mining-Anlage in Iowa bekannt gegeben, was einen strategischen Wandel von gehosteten und Drittanbieter-Betrieben hin zu vollständigem Eigentum und Kontrolle der Infrastruktur markiert. Das neue vertikal integrierte Modell ermöglicht es dem Unternehmen:
- Direkte Verwaltung der Energiebeschaffung mit Energiekosten unter 4 $ pro MWh
- Verbesserte betriebliche Effizienz und Kontrolle der Kostenstruktur
- Verbesserte Gewinnmargen durch Eigentum an der Infrastruktur
- Größere Flexibilität in der Energiestrategie
Der amtierende CEO Kurt Kalbfleisch betonte diesen Start als einen entscheidenden Moment für das Unternehmen und hob hervor, wie die vertikale Integration ihre Position im wettbewerbsintensiven Bitcoin-Mining-Markt stärkt. Die Einrichtung in Iowa stellt die erste Phase der Expansionspläne von Sphere 3D für ihr vertikal integriertes Modell dar.
- Secured ultra-low energy costs below $4 per MWh
- Full control over infrastructure reduces operational costs
- Improved profit margins through vertical integration
- Enhanced scalability potential through facility ownership
- Capital intensive transition to owned infrastructure
- Increased operational responsibilities and risks
Stamford, Connecticut--(Newsfile Corp. - March 18, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that its newest Bitcoin mining site in Iowa is officially online. This milestone represents a significant strategic shift for the Company as it moves away from hosted and third-party mining operations toward full ownership and control of its infrastructure.
By directly managing its infrastructure and energy procurement, the Company is poised to significantly improve efficiency and increase profit margins, leveraging historically low energy prices below
"This launch marks a pivotal moment for our Company," said Kurt Kalbfleisch, Acting CEO of Sphere 3D. "By taking full control of our mining infrastructure, we can operate more efficiently, improve margins, and future-proof our business against shifting industry dynamics. Vertical integration is the next step in our evolution and strengthens our ability to thrive in an increasingly competitive Bitcoin mining landscape."
As Bitcoin mining continues to evolve, Sphere 3D remains committed to scaling its operations, improving efficiency, and maintaining its leadership in high-margin, sustainable mining practices. The launch of this facility marks the beginning of a new growth phase, as the Company explores additional opportunities to expand its vertically integrated model in strategic locations.
About Sphere 3D
Sphere 3D Corp. (NASDAQ: ANY) is a cryptocurrency miner growing its industrial-scale Bitcoin mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with best-in-class data center operators. Sphere 3D is dedicated to growing shareholder value while honoring its commitment to strict environmental, social, and governance standards. For more information about Sphere 3D, please visit Sphere3D.com.
Safe Harbor
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the Company's executive team continuing to execute on the Company's strategy, in addition to other matters discussed in this press release that are not purely historical data. We do not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contemplated by such statements. For more information concerning these and other possible risks, please refer to our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2024 and other filings with the Securities and Exchange Commission, as well as recent press releases. These filings can be accessed over the Internet at http://www.sec.gov/edgar/searchedgar/companysearch.html.
Sphere 3D Contacts
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245047
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