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.
Chief Financial Officer Kurt Kalbfleisch Remains as Acting CEO 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.
Chief Financial Officer Kurt Kalbfleisch Named Acting CEO 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.
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 placement (the "Private Placement" and together with the Registered Offering, the "Offerings"), the Company also agreed to issue to the same investor warrants to purchase up to 4,225,353 of its common shares (the "Common Warrants").
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 2024 Month-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 contract Metrics Oct. 2023 Sept.
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.
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 Highlights 9.2 Bitcoin mined in September 2024 Month-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 Metrics Sept.
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 arrived 12.7 Bitcoin mined in August 2024 Month-end deployed hash rate was 1.0 EH/s Metrics Aug 2023 July 2024 Aug 2024 Bitcoin Mined 58.3 16.8 12.7 Bitcoin Sold 65.7 22.0 12.6 Mining Revenue $1.6 million $1.0 million $0.8 million Bitcoin Holdings 2.8 2.0 2.1 Deployed Miners ~12,450 ~11,200 ~8,900 Month End Deployed Hash Rate (EH/s) 1.3 EH/s 1.2 EH/s 1.0 EH/s Strategic Update: We continue to proactively focus on the company's future growth through operational growth and strategic partnerships: As announced earlier this month, we are developing a 12.5 MW site in Iowa at an average of sub ~ 4 cent energy.
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 arrived 16.8 Bitcoin mined in July 2024 Month-end deployed hash rate was 1.2 EH/s Metrics July 2023 June 2024 July 2024 Bitcoin Mined 59.8 20.4 16.8 Bitcoin Sold 70.1 15.7 22.0 Mining Revenue $1.8 million $1.4 million $1.0 million Bitcoin Holdings 10.2 7.2 2.0 Deployed Miners ~10,240 ~11,400 ~11,200 Month End Deployed Hash Rate (EH/s) 1.1 EH/s 1.2 EH/s 1.2 EH/s Strategic Update: We continue to proactively focus on the company's future growth through operational growth and strategic partnerships: As previously announced, our plan is to gradually take older machines offline and replace them with the latest generation models throughout the remainder of the year.
Sphere 3D Corp. (ANY) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.44 per share a year ago.