Advertisement
Canada markets open in 3 hours 57 minutes
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7312
    +0.0015 (+0.20%)
     
  • CRUDE OIL

    82.82
    +0.01 (+0.01%)
     
  • Bitcoin CAD

    87,593.60
    -3,299.15 (-3.63%)
     
  • CMC Crypto 200

    1,365.40
    -17.18 (-1.24%)
     
  • GOLD FUTURES

    2,337.10
    -1.30 (-0.06%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • NASDAQ futures

    17,513.00
    -151.50 (-0.86%)
     
  • VOLATILITY

    16.19
    +0.22 (+1.38%)
     
  • FTSE

    8,087.58
    +47.20 (+0.59%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

Why Sphere 3D's Stock Dropped 17.2% on Tuesday

Why Sphere 3D's Stock Dropped 17.2% on Tuesday

The stock of the data management company that is pivoting to cryptocurrency mining was down 13.5% as of 11:46 a.m. EST today. On Nov. 15, Sphere 3D released its earnings results for the three months ending in September of this year. While Sphere 3D's legacy business is data management solutions, the company is pivoting hard into cryptocurrency mining.