Sphere 3D Enters 30 MW Co-Mining Agreements with Bitdeer, Monetizing Power Assets While Advancing AI Infrastructure Evaluation
https://www.newsfilecorp.com/release/302728
Stamford, Connecticut--(Newsfile Corp. - June 25, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"
, a Nasdaq-listed digital infrastructure company with a multi-region power and data center footprint, today announced that it has entered into co-mining agreements with Bitdeer Technologies Group (NASDAQ: BTDR) ("Bitdeer" , a world-leading technology company for artificial intelligence ("AI" and Bitcoin mining infrastructure, to host 30 megawatts of capacity across three of Sphere 3D's data center sites in Tennessee and Kentucky.
The agreements provide Sphere 3D with contracted mining economics while the Company continues its site-by-site evaluation of broader digital infrastructure opportunities, including potential future applications in AI and high-performance compute.
Under the agreements, Bitdeer will deploy its SEALMINER A2 Pro Air mining hardware at three sites, and the parties will share the net mining proceeds. Each agreement has an initial one-year term, renewable for a further year unless either party elects otherwise and is structured to preserve flexibility as Sphere 3D continues evaluating the optimal use of its power-backed infrastructure.
The agreements are consistent with Sphere 3D's strategy of putting available power capacity to work with established counterparties while maintaining optionality across a rapidly changing digital infrastructure market. The agreements place a meaningful block of capacity under contract, adds operating visibility, and supports a disciplined approach to asset utilization.
"We are focused on building a platform that can respond to where digital infrastructure demand is going, while making practical use of the assets we control today," said Joel Block, Chief Executive Officer of Sphere 3D. "This agreement allows us to put 30 megawatts of capacity to work with a leading public company in the sector, generate current mining economics, and preserve flexibility as we continue evaluating AI and high-performance compute opportunities across our sites."
The transaction reflects the growing importance of access to power across the digital infrastructure landscape. Power availability, site readiness, and operating discipline are becoming increasingly important factors in how infrastructure assets are valued and deployed.
Sphere 3D continues to assess each site based on power availability, interconnection profile, operating requirements, capital needs, counterparty demand, and technical feasibility. The Company expects to continue evaluating opportunities that may improve utilization of its infrastructure while maintaining a disciplined approach to capital allocation and execution risk.
https://www.newsfilecorp.com/release/302728
Stamford, Connecticut--(Newsfile Corp. - June 25, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"
, a Nasdaq-listed digital infrastructure company with a multi-region power and data center footprint, today announced that it has entered into co-mining agreements with Bitdeer Technologies Group (NASDAQ: BTDR) ("Bitdeer" , a world-leading technology company for artificial intelligence ("AI" and Bitcoin mining infrastructure, to host 30 megawatts of capacity across three of Sphere 3D's data center sites in Tennessee and Kentucky. The agreements provide Sphere 3D with contracted mining economics while the Company continues its site-by-site evaluation of broader digital infrastructure opportunities, including potential future applications in AI and high-performance compute.
Under the agreements, Bitdeer will deploy its SEALMINER A2 Pro Air mining hardware at three sites, and the parties will share the net mining proceeds. Each agreement has an initial one-year term, renewable for a further year unless either party elects otherwise and is structured to preserve flexibility as Sphere 3D continues evaluating the optimal use of its power-backed infrastructure.
The agreements are consistent with Sphere 3D's strategy of putting available power capacity to work with established counterparties while maintaining optionality across a rapidly changing digital infrastructure market. The agreements place a meaningful block of capacity under contract, adds operating visibility, and supports a disciplined approach to asset utilization.
"We are focused on building a platform that can respond to where digital infrastructure demand is going, while making practical use of the assets we control today," said Joel Block, Chief Executive Officer of Sphere 3D. "This agreement allows us to put 30 megawatts of capacity to work with a leading public company in the sector, generate current mining economics, and preserve flexibility as we continue evaluating AI and high-performance compute opportunities across our sites."
The transaction reflects the growing importance of access to power across the digital infrastructure landscape. Power availability, site readiness, and operating discipline are becoming increasingly important factors in how infrastructure assets are valued and deployed.
Sphere 3D continues to assess each site based on power availability, interconnection profile, operating requirements, capital needs, counterparty demand, and technical feasibility. The Company expects to continue evaluating opportunities that may improve utilization of its infrastructure while maintaining a disciplined approach to capital allocation and execution risk.
