---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-008210"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:52:32.992768+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D reports FY2022 net loss of $192.8M; impairments of $75.9M on mining equipment

## Summary
- Revenue $6.1M up from $3.7M; net loss $192.8M ($2.91/share) vs $17.8M ($0.58) in 2021.
- Recorded $75.9M impairment on mining equipment and $29.3M in provisions for bankrupt hosting vendors Core Scientific and Compute North.
- Mined 131.01 BTC in first year; hashrate 0.4 EH/s at year-end, targeting 1.5 EH/s by mid-May 2023.
- Filed arbitration against Core Scientific for deposit recovery; recorded $15.7M provision.
- Restructured Series H Preferred Shares: cancelled 36,000 shares without cash; remaining 60,000 converted to common in early 2023.

## SEC filing metadata
- accession: 0001062993-23-008210
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299323008210/0001062993-23-008210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299323008210/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-008210
- JSON: https://secwatch.observer/filing/0001062993-23-008210.json
- Plain text: https://secwatch.observer/filing/0001062993-23-008210.txt

## Key facts
- Earnings Releases
  Sphere 3D Corp. reported financial results for fourth fiscal quarter and fiscal year ended December 31, 2022.
  - Period: fourth fiscal quarter and fiscal year ended December 31, 2022
  - Result: reported results
  source text: On March 31, 2023, we issued a press release announcing our financial results for our fourth fiscal quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323008210/0001062993-23-008210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.