---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-010961"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:10:02.217016+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Revenue $3.0M (+114% YoY); Bitcoin mined 110.25 coins (18.15 in Q1 2022).
- Net loss from ops $3.5M ($0.05/sh) vs $14.6M ($0.23) YoY; operating costs cut 59% to $6.8M.
- Hashrate 0.45 EH/s at quarter end; targeting 1.5 EH/s in 60 days; 3,900 miners added in May.
- Bitcoin holdings 22 coins ($0.6M market value); digital mining revenue up 257% to $2.5M.

## SEC filing metadata
- accession: 0001062993-23-010961
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299323010961/0001062993-23-010961-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299323010961/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-010961
- JSON: https://secwatch.observer/filing/0001062993-23-010961.json
- Plain text: https://secwatch.observer/filing/0001062993-23-010961.txt

## Key facts
- Earnings Releases
  Sphere 3D Corp. reported first fiscal quarter ended March 31, 2023 results: revenue $3.0 million, net income $3.5 million, EPS $0.05 per share.
  - Period: first fiscal quarter ended March 31, 2023
  - Revenue: $3.0 million
  - Net income: $3.5 million
  - EPS: $0.05 per share
  - Result: reported results
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323010961/0001062993-23-010961-index.htm

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