Balance Sheet StrengthSphere has a balance sheet bolstered by $10M in equity holdings of a large competitor, and no debt, attractive in its own right aside from the public currency aspect.
Financial PerformanceSphere posted its ninth sequential quarterly positive mining margin.
Strategic DevelopmentSphere 3D signed a Letter of Intent with Simple Mining LLC to develop and operate a 12.5MW site in Iowa, offering sub-4-cent energy costs, representing a key step in Sphere 3D’s strategic efforts.