Sphere 3D terminates Gryphon agreement; Sep Bitcoin production up 9.1% to 63.6 BTC

Sphere 3D Corp.

Mined 63.6 Bitcoin in Sep, +9.1% vs Aug, +473% YoY; hash rate steady at 1.3 EH/s.
Uptime 66% due to heat curtailments; expects improvement in winter.
Terminated Master Services Agreement with Gryphon Digital Mining effective Oct 6, 2023.
Core Scientific bankruptcy: merits hearing for Sphere's claims scheduled Q1 2024.
Sold 49.9 Bitcoin in Sep; holdings rose to 16.5 BTC from 2.8 at end-Aug.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sphere 3D Corp. terminated Master Services Agreement with Gryphon Digital Mining, Inc. (effective 2023-10-06).

Action: termination
Counterparty: Gryphon Digital Mining, Inc.
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, Sphere 3D Corp. ("Sphere") terminated, effective immediately, the Master Services Agreement between Sphere and Gryphon Digital Mining, Inc., dated August 10, 2021, as amended on December 29, 2021.

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38 material agreements filed in the last 30 days. Browse all material agreements →

Sphere 3D Corp. filing history →

Source: SEC EDGAR

accession 0001062993-23-019256

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