Sphere 3D Corp. announced results of its Bitcoin mining operation for the month ended July 2023. For the month, company reported 59.8 Bitcoin mined in July, down 8% from June and up 367% year-over-year compared to 12.8 Bitcoin mined a year ago.

Month-end operating hash rate increased to 1.1 EH/s. Operations achieved 75.2 BTC/EH efficiency.