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Sphere 3d | 10-Q: Q3 2024 Earnings Report

Sphere 3d | 10-Q: Q3 2024 Earnings Report

Sphere 3d | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 15:21

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Sphere 3D Corp. reported Q3 2024 revenues of $2.4M, down from $5.7M in Q3 2023, primarily due to strategic fleet restructuring and hosting site transitions. The company recorded a net income of $0.1M compared to a net loss of $6.3M in the same period last year. Operating costs decreased to $7.5M from $12.1M year-over-year, reflecting improved operational efficiency.The company is executing a strategic fleet upgrade, replacing older mining equipment with newer generation machines through Q1 2025. As of September 30, 2024, Sphere 3D owned approximately 15,000 miners, with 6,400 in service. The company's financial position improved with cash and cash equivalents increasing to $5.0M from $0.6M at year-end 2023, while working capital rose to $11.0M.Management is focused on lowering mining costs and improving efficiency through fleet modernization. The company has deployed additional Bitmain S21 miners and plans to energize 1,000 XP miners in Q4 2024, adding 0.21 EH/s to overall hash rate. Sphere 3D also entered into a letter of intent to acquire a 12.5 MW site in Iowa featuring sub 4c energy costs, demonstrating continued strategic expansion.
Sphere 3D Corp. reported Q3 2024 revenues of $2.4M, down from $5.7M in Q3 2023, primarily due to strategic fleet restructuring and hosting site transitions. The company recorded a net income of $0.1M compared to a net loss of $6.3M in the same period last year. Operating costs decreased to $7.5M from $12.1M year-over-year, reflecting improved operational efficiency.The company is executing a strategic fleet upgrade, replacing older mining equipment with newer generation machines through Q1 2025. As of September 30, 2024, Sphere 3D owned approximately 15,000 miners, with 6,400 in service. The company's financial position improved with cash and cash equivalents increasing to $5.0M from $0.6M at year-end 2023, while working capital rose to $11.0M.Management is focused on lowering mining costs and improving efficiency through fleet modernization. The company has deployed additional Bitmain S21 miners and plans to energize 1,000 XP miners in Q4 2024, adding 0.21 EH/s to overall hash rate. Sphere 3D also entered into a letter of intent to acquire a 12.5 MW site in Iowa featuring sub 4c energy costs, demonstrating continued strategic expansion.
Sphere 3D Corp. 报告2024年第三季度收入为240万美元,较2023年第三季度的570万美元下降,主要由于战略机队重组和托管站点迁移。公司录得净利润为10万美元,相较于去年同期的净亏损630万美元。运营成本同比减少至750万美元,低于去年的1210万美元,反映出运营效率的改善。公司正在进行战略机队升级,在2025年第一季度前将旧的采矿设备更换为新一代机器。截止到2024年9月30日,Sphere 3D 拥有大约15,000台矿机,其中6,400台正在服务。公司的财务状况得到改善,现金及现金等价物从2023年年末的60万美元增加至500万美元,同时营运资本上升至1100万美元。管...展开全部
Sphere 3D Corp. 报告2024年第三季度收入为240万美元,较2023年第三季度的570万美元下降,主要由于战略机队重组和托管站点迁移。公司录得净利润为10万美元,相较于去年同期的净亏损630万美元。运营成本同比减少至750万美元,低于去年的1210万美元,反映出运营效率的改善。公司正在进行战略机队升级,在2025年第一季度前将旧的采矿设备更换为新一代机器。截止到2024年9月30日,Sphere 3D 拥有大约15,000台矿机,其中6,400台正在服务。公司的财务状况得到改善,现金及现金等价物从2023年年末的60万美元增加至500万美元,同时营运资本上升至1100万美元。管理层专注于降低采矿成本并通过机队现代化来提高效率。公司已部署了额外的比特大陆S21矿机,并计划在2024年第四季度启用1,000台XP矿机,整体哈希率将增加0.21 EH/s。Sphere 3D还签署了一份意向书,计划收购位于爱荷华州的12.5 MW站点,该站点的能源成本低于4美分,展示了持续的战略扩张。
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