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Sphere 3d | 8-K: Sphere 3D Reports Third Quarter 2024 Financial Results

Sphere 3d | 8-K: Sphere 3D Reports Third Quarter 2024 Financial Results

Sphere 3d | 8-K:Sphere 3D 公布2024年第三季度财务业绩
美股SEC公告 ·  2024/11/14 16:52

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Sphere 3D reported Q3 2024 financial results with mining revenue declining to $2.4M from $5.1M YoY, while Bitcoin production decreased to 38.7 BTC from 181.7 BTC. The company received a $3M inflow from exiting a hosting contract, contributing to other income of $5.8M. Operating costs reduced to $7.5M from $12.1M YoY, resulting in a net income of $0.1M or $0.01 per share.The company maintained approximately 0.7 EH/s mining capacity and held 1.3 Bitcoin valued at $0.08M as of September 30. The decrease in mining output was attributed to temporary machine offline status due to hosting contract buyout, machine refresh, and strategic planning following halving economics.CEO Patricia Trompeter emphasized the company's long-term strategy of reducing reliance on high-cost hosting partners and increasing vertical integration. The company is pursuing infrastructure development, including plans to acquire a 12.5 MW site in Iowa featuring sub 4c energy costs, as part of its operational optimization efforts.
Sphere 3D reported Q3 2024 financial results with mining revenue declining to $2.4M from $5.1M YoY, while Bitcoin production decreased to 38.7 BTC from 181.7 BTC. The company received a $3M inflow from exiting a hosting contract, contributing to other income of $5.8M. Operating costs reduced to $7.5M from $12.1M YoY, resulting in a net income of $0.1M or $0.01 per share.The company maintained approximately 0.7 EH/s mining capacity and held 1.3 Bitcoin valued at $0.08M as of September 30. The decrease in mining output was attributed to temporary machine offline status due to hosting contract buyout, machine refresh, and strategic planning following halving economics.CEO Patricia Trompeter emphasized the company's long-term strategy of reducing reliance on high-cost hosting partners and increasing vertical integration. The company is pursuing infrastructure development, including plans to acquire a 12.5 MW site in Iowa featuring sub 4c energy costs, as part of its operational optimization efforts.
Sphere 3D公布了2024年第三季度财务结果,矿业营业收入同比下降至240万美元,较去年同期的510万美元减少,同时比特币产量从181.7 BTC降至38.7 BTC。公司从终止托管合同中获得了300万美元的流入,为其他收入贡献了580万美元。运营成本从去年同期的1210万美元减少至750万美元,从而实现净利润10万美元,盈余为每股0.01美元。截至9月30日,公司保持了约0.7 EH/s的矿业产能,并持有价值8万美元的1.3比特币。矿业产出的减少归因于因托管合同买断、机器更新以及根据减半经济进行的战略规划而导致的临时机器离线状态。首席执行官Patricia Trompeter强调公司降低对高成本托管合作伙伴依赖和增加垂直整合的长期策略。公司正在推进制造行业的发展,包括计划在爱荷华州收购一个12.5 MW的场地,能源成本低于4美分,作为其运营优化努力的一部分。
Sphere 3D公布了2024年第三季度财务结果,矿业营业收入同比下降至240万美元,较去年同期的510万美元减少,同时比特币产量从181.7 BTC降至38.7 BTC。公司从终止托管合同中获得了300万美元的流入,为其他收入贡献了580万美元。运营成本从去年同期的1210万美元减少至750万美元,从而实现净利润10万美元,盈余为每股0.01美元。截至9月30日,公司保持了约0.7 EH/s的矿业产能,并持有价值8万美元的1.3比特币。矿业产出的减少归因于因托管合同买断、机器更新以及根据减半经济进行的战略规划而导致的临时机器离线状态。首席执行官Patricia Trompeter强调公司降低对高成本托管合作伙伴依赖和增加垂直整合的长期策略。公司正在推进制造行业的发展,包括计划在爱荷华州收购一个12.5 MW的场地,能源成本低于4美分,作为其运营优化努力的一部分。
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