Sphere 3D Hit with $2.2M Tariff Claim on Bitcoin Miners

Crypto miner Sphere 3D is facing a potential tariff claim of $2.2 million, which would amount to about 77% of its cash reserves.

The company's subsidiary purchased Bitcoin miners in 2022 that US Customs and Border Protection have deemed to be Chinese-origin goods.

Sphere 3D disputes the CBP's allegation, claiming it has provided import documents including a certificate of origin and a certificate of manufacture certifying the miners were not made in China.

The company plans to protest the claim, but the amount payable remains uncertain, and statutory interest is not quantified in the filing.