Core Insights - Sphere 3D Corp. has signed a letter of intent to acquire a 12.5 MW Bitcoin mining site in Iowa, which is expected to operate with an average power cost of sub-4 cents per kilowatt-hour, ready by December 2024 [1][2] - The company has partnered with Simple Mining LLC for the engineering, development, and operation of the site, entering into a three-year Managed Service Agreement [1][2] Company Strategy - The acquisition aligns with Sphere 3D's goal of reducing third-party hosting exposure through vertical integration, aiming for sustainable growth and long-term success [2] - The company intends to streamline operations, improve efficiencies, and reduce marginal costs, ultimately increasing profitability and shareholder value [2][3] - Sphere 3D is committed to maintaining a debt-free status while executing its long-term strategy of owning data centers and refreshing its mining fleet [2] Partner Profile - Simple Mining, established in 2020, has grown to manage 40 MW of Bitcoin mining capacity, with plans to expand to an additional 25 MW by 2024 and over 100 MW by 2025 [2] - The company emphasizes customer service and operational excellence, achieving a 98% average uptime across all sites since inception [2]

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 MetricsJuly 2023June 2024July 2024Bitcoin Mined59.8 20.4 16.8 Bitcoin Sold70.1 15.7 22.0 Mining Revenue$1.8 million $1.4 million$1.0 millionBitcoin Holdings10.2 7.2 2.0Deployed ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this company would post a loss of $0.23 per share when it actually produced a loss of $0.14, delivering a surprise of 39.13%.Over the last four quarters, the company has surpassed ...

Exhibit 99.1 Sphere 3D Reports Second Quarter 2024 Financial Results STAMFORD, Connecticut, 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 t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________________________to ___________________________ Commission File Number: 001-36532 __________________________________ Sphere 3D Corp. (Exact name of Registrant as ...

Core Insights - Sphere 3D Corp. reported financial results for Q2 2024, highlighting a net income of $2.1 million, a significant turnaround from a net loss of $4.8 million in Q2 2023 [5][4] - The company mined 70.7 Bitcoin in Q2 2024, a decrease from 178.4 Bitcoin in the same quarter of the previous year [4][2] - Revenue for the quarter was $4.7 million, down from $5.5 million in Q2 2023, with Bitcoin mining revenue specifically decreasing from $5.0 million to $4.7 million [4][5] Financial Performance - Operating costs and expenses for Q2 2024 were $10.4 million, slightly up from $10.2 million in Q2 2023 [4][5] - The company recognized a $7.3 million unrealized gain on investments in equity securities during the quarter [5][2] - Depreciation and amortization expenses increased to $1.8 million from $1.4 million year-over-year [4][5] Operational Highlights - Sphere 3D's hashrate was approximately 1.2 EH/s as of June 30, 2024 [4][2] - The company ended the quarter with Bitcoin holdings valued at $0.5 million [4][2] - The CFO noted challenges such as a 50% reduction in block rewards and temporary interruptions from hosting partners, but emphasized the energization of the first shipment of S21s as a key milestone [3][5] Balance Sheet Overview - As of June 30, 2024, total assets were $44.0 million, a decrease from $45.7 million at the end of 2023 [11] - Cash and cash equivalents increased to $4.3 million from $0.6 million [11] - Total shareholders' equity rose to $33.4 million from $26.5 million [11]

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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 MetricsJune 2023May 2024June 2024Bitcoin Mined65.1 20.4 20.4 Bitcoin Sold67.2 20.515.7 Mining Revenue$1.8 million $1.3 million$1.4 millionBitcoin Holdings20.2 2.57.2 Deployed Miners~9,995~11,00 ...

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 ...

Exhibit 99.1 Sphere 3D Reports First Quarter 2024 Financial Results STAMFORD, Connecticut, 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 Developments Revenue 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 ende ...