Sphere 3D signs co-mining deals with Bitdeer for 30 MW capacity at US data centers

Sphere 3D Corp. has entered into co-mining agreements with Bitdeer Technologies to host 30 megawatts of Bitcoin mining capacity across three data centers in Tennessee and Kentucky. The deals allow Sphere 3D to generate mining revenue while exploring broader digital infrastructure uses like AI and high-performance computing. Each agreement lasts one year with an option to renew, providing flexibility as Sphere 3D evaluates optimal asset use. This move aligns with Sphere 3D's strategy to utilize available power capacity efficiently and maintain adaptability in a changing digital infrastructure market.