Cost EfficiencyThe initiation of a new, owned 8MW site in Iowa is part of Sphere 3D Corp's vertical integration strategy, which is expected to provide a cost advantage for bitcoin mining operations.
Operational EfficiencyThe expectation is that Sphere 3D Corp's operational costs for the new 8MW site in Iowa will be significantly lower, at approximately 4 cents/kWh, compared to previous costs.
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.