Sphere 3D Corp. provided Bitcoin production guidance for the months of July and August 2022. While the company expects to see an incremental production increase in July 2022, all miners are not expected to be fully operational during the month.

August 2022 production should increase significantly due to the addition of approximately 400 PH/s of production to mining operation between now and the end of August, 2022. With the addition of the new miners, the company anticipates production capacity to grow to about 500 PH/S.