Sphere 3D faces $2.2M tariff bill over China-made Bitcoin miners

Bitcoin mining company Sphere 3D (ANY) is facing a potential $2.2 million tariff bill after authorities determined mining machines bought through a subsidiary in 2022 were made in China, CryptoSlate reported. Sphere 3D plans to challenge the finding, saying it received documentation at the time of purchase certifying the machines were not made in China. The company held about $2.8 million in cash as of the end of the second quarter. Separately from the tariff issue, CryptoSlate added Sphere 3D is facing questions about its ability to continue operating without additional funding amid recurring losses and worsening cash flow. The outlet said the company is now in the process of changing its name to DarkHorse Technologies and its ticker to DRK.