Sphere 3D Q1 2023 revenue up 114% to $3.0M, net loss narrows to $3.5M from $14.6M YoY

First Quarter FY 2023 Financial Results: • Bitcoin production during the first quarter of 2023 was 110.25 coins, compared to 18.15 coins for the first quarter of 2022. • Revenue was $3.0 million, compared to $1.4 million for the first quarter of 2022, an increase of 114%. • Operating costs and expenses for the quarter were $6.8 million, compared to $16.5 million for the first quarter of 2022, a reduction of 59%. • Other income (expense), net, for the period totaled $0.3 million, compared to $0.5 million, net, of other income, for the first quarter of 2022. • Digital mining revenue for the first quarter was $2.5 million, compared to $0.7 million for the first quarter of 2022, an increase of 257%. • Depreciation and amortization was $1.0 million, compared to $6.4 million for the first quarter of 2022. • Net loss from operations was $3.5 million, or a net loss of $0.05 per share, compared to a net loss from operations of $14.6 million, or a net loss of $0.23 per share, for the first quart