Bitcoin mining firm Sphere 3D has signed co-mining agreements with Bitdeer Technologies Group covering 30MW of capacity across three of Sphere 3D’s data center sites in Tennessee and Kentucky.
Under the agreements, Bitdeer will deploy its Sealminer A2 Pro Air mining hardware at the sites, with the two companies sharing net mining proceeds. The agreements each have an initial one-year term and can be renewed for a further year unless either party chooses not to extend. Financial terms of the deal were not disclosed.
– Pixabay / xresch
Sphere 3D said the arrangement would allow it to generate Bitcoin mining revenue from available power capacity while it continues evaluating longer-term digital infrastructure opportunities, including potential AI and high-performance computing deployments.
“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, CEO of Sphere 3D.
