Sphere 3D produces 65.1 bitcoin in June down 16% M/M

Bitcoin mining company Sphere 3D ( NASDAQ: ANY ) said on Monday that it mined 65.1 bitcoins ( BTC-USD ) in June, down 16% from May and up 434% Y/Y. The company said its month-end operating hash rate increased to 1.0 EH/s. Mining revenue stood at $0.2M in June. The operations achieved 76.3 BTC/EH efficiency, and uptime was 86%. "In June, our hosting site in Texas also experienced operational delays in bringing hash rate online. Subsequently, in early July, another 2,400 miners arrived at our Texas hosting site, which we expect will be energized over the next week, bringing our total hash rate to 1.3 EH/s. Once all 1.5 EH/s are fully operational, we anticipate delivering positive operating cash flows on a run-rate basis at current market levels," CEO of ANY Patricia Trompeter had said.