Sphere 3D Reports First Quarter 2025 Financial Results
Stamford, Connecticut--(Newsfile Corp. - May 14, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company, today reported financial results for the first quarter of FY 2025 ended March 31, 2025.COMMENTS FROM SPHERE 3D LEADERSHIP"We remain focused on reducing reliance on third-party providers and taking greater control of our operations to improve cash flow and long-term profitability," says Interim CEO Kurt Kalbfleisch. He adds, "Over the past year, we have implemented changes to enhance...
2025-05-14 4:15 PM EDT
Sphere 3D Reports Fiscal Year 2024 Financial Results and Operational Updates
Stamford, Connecticut--(Newsfile Corp. - March 28, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company, is pleased to announce financial results for its fiscal year ended December 31, 2024.COMMENTS FROM SPHERE 3D LEADERSHIP2024 was a year of transition for Sphere 3D. Following the Bitcoin halving in the first half of the year, we focused on cycling out of high-cost hosting partners, streamlining SG&A expenses, and laying the groundwork for vertical integration. Every...
2025-03-28 4:05 PM EDT
Sphere 3D Launches First Vertically Integrated Bitcoin Mining Facility
Stamford, Connecticut--(Newsfile Corp. - March 18, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that its newest Bitcoin mining site in Iowa is officially online. This milestone represents a significant strategic shift for the Company as it moves away from hosted and third-party mining operations toward full ownership and control of its infrastructure.By directly managing its infrastructure and energy procurement, the Company is poised to significantly improve efficiency and increase profit margins, leveraging historically...
2025-03-18 8:30 AM EDT
Sphere Announces End of Litigation with Gryphon
Stamford, Connecticut--(Newsfile Corp. - March 11, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") announced today that it has reached a confidential settlement with Gryphon Digital Mining, Inc. to resolve all claims against each other on mutually satisfactory terms that will result in the complete dismissal of the litigation. "As a Company, we are focused on the future and our long-term strategy," said Kurt Kalbfleisch, Acting CEO. "Resolving this matter allows us to move on...
2025-03-11 8:30 AM EDT
Sphere 3D Announces Passing of Chief Executive Officer
Stamford, Connecticut--(Newsfile Corp. - March 6, 2025) - It is with profound sadness that Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announces the passing of Patricia Trompeter, Chief Executive Officer. Patricia, known to many as Patti, passed away peacefully on Tuesday after a courageous battle with cancer."Our hearts go out to Patti's family during this difficult time. We extend our deepest condolences to her daughter, son, and all those who loved her. She will be profoundly...
2025-03-06 8:30 AM EST
Sphere 3D President and CEO Taking Temporary Leave of Absence
Stamford, Connecticut--(Newsfile Corp. - January 31, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that President and CEO Patricia Trompeter will be taking a temporary medical leave of absence to address an existing health condition. She is expected to be on leave for approximately four months. During this time, Ms. Trompeter expects to remain engaged in key strategic decision-making as she continues serving on the Board of Directors, ensuring that her vision...
2025-01-31 5:00 PM EST
Sphere 3D Corp. Announces Pricing of $6 Million Registered Direct Offering and Concurrent Private Placement
Stamford, Connecticut--(Newsfile Corp. - November 20, 2024) - Sphere 3D Corp (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company operating at an industrial scale, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 4,225,353 of its common shares (or common share equivalents in lieu thereof) in a registered direct offering at a purchase price of $1.42 per share (the "Registered Offering").In a concurrent private...
2024-11-20 8:00 AM EST
Sphere 3D Corp. Provides October 2024 Update
Stamford, Connecticut--(Newsfile Corp. - November 15, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company focused on strategically growing its production, is providing a strategic and operational update for October 2024.Key Highlights:11.7 Bitcoin mined in October 2024Month-end deployed hash rate was 0.8 EH/s Development initiated on our new 12.5 MW site with multi-year sub $0.04 power contractMetrics
2024-11-15 5:30 PM EST
Sphere 3D Reports Third Quarter 2024 Financial Results
Stamford, Connecticut--(Newsfile Corp. - November 14, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the quarter ended September 30, 2024.2024 Third Quarter Highlights Sphere 3D and Simple Mining LLC entered into a letter of intent to acquire a 12.5 MW site in Iowa featuring average sub 4c energy.Sphere 3D mined 38.7 Bitcoin during the quarter.Sphere 3D ended the quarter with 0.7 EH/s.CEO Comments“Our priority remains focused...
2024-11-14 4:10 PM EST
Sphere 3D Corp. Provides September 2024 Update
Stamford, Connecticut--(Newsfile Corp. - October 17, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company focused on strategically growing its production, is providing an operational update for September 2024, as well as a general strategic update.Key Highlights9.2 Bitcoin mined in September 2024Month-end deployed hash rate was 0.7 EH/s Development initiated on new 12.5 MW hosting site with multi-year sub $0.04 power contract; energization begins in December 2024
2024-10-17 5:00 PM EDT
Sphere 3D Corp. Provides August 2024 Update
Stamford, Connecticut--(Newsfile Corp. - September 23, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for August 2024.Key Highlights:Second batch of Antminer S21 fleet upgrades have arrived12.7 Bitcoin mined in August 2024Month-end deployed hash rate was 1.0 EH/s Metrics
2024-09-23 7:30 AM EDT
Sphere 3D Corp. Signs Letter of Intent to Acquire a 12.5 MW Site in Iowa Featuring Average Sub -4c Energy, Set to be Operational by December 2024
Stamford, Connecticut--(Newsfile Corp. - September 9, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, announces the development of a 12.5 MW site in Iowa.12.5 MW site with anticipated average of sub ~4 cent powerFacility estimated to be ready beginning of DecemberManaged services agreement with Simple Mining for 3 years to manage siteSphere 3D has partnered with Simple Mining LLC to engineer, develop, and operate the site. Additionally, Sphere 3D will enter into a Managed Service...
2024-09-09 7:45 AM EDT
Sphere 3D Corp. Provides July 2024 Update
Stamford, Connecticut--(Newsfile Corp. - August 19, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for July 2024.Key Highlights:First batch of Antminer S21 fleet upgrade has arrived16.8 Bitcoin mined in July 2024Month-end deployed hash rate was 1.2 EH/s Metrics
2024-08-19 8:00 AM EDT
Sphere 3D Reports Second Quarter 2024 Financial Results
Stamford, Connecticut--(Newsfile Corp. - August 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the quarter ended June 30, 2024.2024 Second Quarter Highlights Sphere 3D recognized a $7.3 million unrealized gain on investment in equity securities acquired through the Core settlement.Sphere 3D mined 70.7 Bitcoin during the quarter.Sphere 3D ended the quarter with 1.2 EH/s.CFO Comments“Despite some challenges in the second quarter, including a 50%...
2024-08-13 4:15 PM EDT
Sphere 3D Corp. Provides June 2024 Update
Stamford, Connecticut--(Newsfile Corp. - July 18, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for June 2024.Key HighlightsFirst batch of fleet upgrade has arrived20.4 Bitcoin mined in June 2024Month-end deployed hash rate was 1.2 EH/s Metrics
2024-07-18 8:00 AM EDT
Sphere 3D Corp. Provides Response To Misleading Gryphon Press Release
Stamford, Connecticut--(Newsfile Corp. - July 18, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, provides this response to a press release Gryphon Digital Mining Inc. ("Gryphon") issued on July 17, 2024 in which it claimed that "Sphere Concedes It Will No Longer Seek To Impose Any Liability for Impersonation of Its CFO."As reflected in the filings in the litigation with Gryphon, Gryphon's press release is at best misleading: Gryphon has already effectively compensated Sphere...
2024-07-18 7:00 AM EDT
Sphere 3D Corp. Provides April 2024 Update
Stamford, Connecticut--(Newsfile Corp. - May 14, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D," "we," "our" or "us"), dedicated to becoming a growing Bitcoin mining company, is providing a strategic and operational update for April 2024.Key HighlightsPartnering with Sunnyside Digital for fleet upgrade and refresh29.9 Bitcoin were mined in April 2024Month-end operating hash rate was 0.9 EH/s; this reduction was primarily due to machines in transit at month end as well as operational issues at two hosting sites
2024-05-14 8:00 AM EDT
Sphere 3D Reports First Quarter 2024 Financial Results
Stamford, Connecticut--(Newsfile Corp. - May 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the first quarter of FY 2024 ended March 31, 2024.2024 First Quarter Highlights and Recent DevelopmentsRevenue increased to $6.9 million during the quarter ended March 31, 2024.Sphere 3D mined 144.8 Bitcoin during the quarter ended March 31, 2024.Sphere 3D ended the quarter with 1.3 EH/s.CEO Comments "As we move past the...
2024-05-13 5:12 PM EDT
Sphere 3D Corp. Provides February 2024 Production and Operation Updates
Stamford, Connecticut--(Newsfile Corp. - March 22, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, is providing the results of its Bitcoin mining operation for February 2024.Key Highlights:40.3 Bitcoin mined in February, up 15% YoY.Month-end operating hash rate was 1.2 EH/s, flat to January due to machine transfers.Uptime was 60%. Metrics1
2024-03-22 4:30 PM EDT
Sphere 3D Reports Fiscal Year 2023 Financial Results and Operational Updates
Stamford, Connecticut--(Newsfile Corp. - March 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company operating at an industrial scale, is pleased to announce financial results for its fiscal year ended December 31, 2023.COMMENTS FROM SPHERE 3D LEADERSHIP"I'm pleased to report that once again we delivered very strong results and made significant progress in our operations during 2023. I am very proud of the Sphere 3D team!" said Patricia Trompeter, CEO of Sphere...
2024-03-13 4:10 PM EDT