Sphere 3D mines 118% more bitcoins in May
eclipse_images/E+ via Getty Images
- Bitcoin mining company Sphere 3D (NASDAQ:ANY) said on Tuesday that it mined 77.7 bitcoins in May, up 118% from April and 518% Y/Y.
- The company said its month-end operating hash rate increased to 1.0 EH/s.
- Mining revenue stood at $2.1M in May.
- The operations achieved 92.1 BTC/EH efficiency, and uptime was 89%.
- Source: Press Release