---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-017037"
form_type: "8-K/A"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:49:40.457648+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D Q2 revenue up 189% to $5.5M; hash rate reaches 1.35 EH/s

## Summary
- Revenue of $5.5M (up 189% YoY); mined 178.4 Bitcoin (+381% YoY).
- Net loss narrowed to $4.8M ($0.44/share) vs $40.7M ($4.31) a year ago.
- Operating hash rate increased to 1.35 EH/s as of Aug 11, 2023.
- Private placement of Series H Preferred shares and warrants expected to raise $3,047,727.
- Prepaid full $1M LDA convertible note on Aug 14, 2023.

## SEC filing metadata
- accession: 0001062993-23-017037
- form_type: 8-K/A
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299323017037/0001062993-23-017037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299323017037/form8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-017037
- JSON: https://secwatch.observer/filing/0001062993-23-017037.json
- Plain text: https://secwatch.observer/filing/0001062993-23-017037.txt

## Key facts
- Earnings Releases
  Sphere 3D Corp. reported second quarter ended June 30, 2023 results: revenue $5.5 million, net income Net loss attributable to common shareholders was $4.8 million, or a net loss of $0.44 per share, EPS a net loss of $0.44 per share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $5.5 million
  - Net income: Net loss attributable to common shareholders was $4.8 million, or a net loss of $0.44 per share
  - EPS: a net loss of $0.44 per share
  - Result: reported results
  source text: scale, today reported financial results for the second quarter ended June 30, 2023. Q2 2023 Highlights and Recent Developments Revenue increased 189% year-over-year to $5.5 million. Mined 178.4 Bitcoin, representing a 381% increase year-over-year. As of June 30, 2023, the Company held 10.2 Bitcoin with a market value of $0.6 million. As of August 11, 2023,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323017037/0001062993-23-017037-index.htm
- Material Agreements
  Sphere 3D Corp. amended Hertford Amendment with Hertford Advisors Ltd. and certain other parties (effective 2023-08-11).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Hertford Advisors Ltd. and certain other parties
  - Effective: 2023-08-11
  source text: On August 11, 2023, the Company entered into an Amended and Restated Agreement (the " Hertford Amendment ") with Hertford Advisors Ltd. and certain other parties listed in the Hertford Amendment (together, the "Hertford Group"), which amends and restates in its entirety the purchase agreement between the Company and Hertford Advisors Ltd. dated July 31, 2021, as modified by the amendment to such agreement dated November 7, 2022 (together, the " Original Hertford Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323017037/0001062993-23-017037-index.htm
- Material Agreements
  Sphere 3D Corp. entered into Securities Purchase Agreement with two institutional accredited investors valued at $3,047,727 (effective 2023-08-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two institutional accredited investors
  - Value: $3,047,727
  - Effective: 2023-08-11
  source text: On August 11, 2023, Sphere 3D Corp. (the " Company ") entered into a Securities Purchase Agreement, which we subsequently amended on August 23, 2023 (the " Purchase Agreement ") pursuant to which the Company expects, upon closing, to issue to two institutional accredited investors (the " Investors "), a total of 13,764 of the Company's Series H Preferred Shares (the " Series H Shares ") and a total of 1,966,292 Common Share Purchase Warrants (the " Warrants "), each of which will entitle the holder to purchase one common share of the Company (the " Warrant Shares "). Per the terms of the Purchase Agreement, upon closing, the Company expects to receive $3,047,727.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323017037/0001062993-23-017037-index.htm

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