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Stock impact report

Sphere 3D Corp. Signs Letter of Intent to Acquire a 12.5 MW Site in Iowa Featuring Average Sub -4c Energy, Set to be Operational by December 2024 [Yahoo! Finance]

Sphere 3D Corp. - Common Shares (ANY) 
NASDAQ:AMEX Investor Relations: investors.sphere3d.com
Company Research Source: Yahoo! Finance
12.5 MW site with anticipated average of sub ~4 cent power Facility estimated to be ready beginning of December Managed services agreement with Simple Mining for 3 years to manage site Sphere 3D has partnered with Simple Mining LLC to engineer, develop, and operate the site. Additionally, Sphere 3D will enter into a Managed Service Agreement ("MSA") with Simple Mining to operate the site on behalf of Sphere 3D. The MSA is a three-year contract, with the option to renew or terminate annually. This accomplishes Sphere 3D's goal of reducing third-party hosting exposure through vertical integration to position the company for optimal outcomes, increasing the asset base, and reducing marginal cost to mine. This carefully considered move marks a significant step towards achieving sustainable growth and long-term success for Sphere 3D. "By taking this step, the company is better positioned to streamline its operations, leading to improved operational efficiencies and reduction in Show less Read more
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