Net carbon-neutral cryptocurrency miner Sphere 3D mined 37.1 bitcoin in the quarter ended June 30, 2022.
This brings the company's total holdings to 55.26 at quarter close because of the energization of additional miners.
Patricia Trompeter, CEO of Sphere 3D, said the company remained focused on energizing its miners, optimizing operations, and navigating the transition into bitcoin mining during the second quarter.
"Like most miners in the industry, we have been affected by market volatility, but have continued to onboard more miners with our hosting partners and scale our mining operations during the quarter," Trompeter said.
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