Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Sphere 3D Corp. is a bitcoin mining company. The firm is engaged in growing its digital asset mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with data center operators. Its bitcoin mining business segment involves acquiring computer servers, which operate application-specific integrated circuit chips designed specifically to mine bitcoin, and deploy, such miners at-scale utilizing its hosting agreements. The company was founded on May 2, 2007 and is headquartered in Stamford, CT.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is undervalued on EV/EBITDA.