---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-020685"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:10:18.249772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D Q3 revenue $5.7M (+322% YoY); Bitcoin mined up 396% to 181.7 BTC

## Summary
- Total revenue $5.7M vs $1.4M in Q3 2022; digital mining revenue $5.1M (+537% YoY).
- Bitcoin production 181.7 BTC vs 36.6 BTC; operating hashrate reached 1.3 EH/s at quarter-end.
- Net loss per share improved to ($0.50) from ($2.14) in Q3 2022, narrowing on higher revenue.
- Near-term target of 1.4 EH/s with 1,000 machines; aiming for positive adjusted EBITDA before 2024 halving.
- As of Sept 30, Bitcoin holdings of 16.5 BTC with market value of $0.4M.

## SEC filing metadata
- accession: 0001062993-23-020685
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2023-11-13T23:59:59+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/1591956/000106299323020685/0001062993-23-020685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299323020685/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-020685
- JSON: https://secwatch.observer/filing/0001062993-23-020685.json
- Plain text: https://secwatch.observer/filing/0001062993-23-020685.txt

## Key facts
- Earnings Releases
  Sphere 3D Corp. reported third quarter ended September 30, 2023 results: revenue $5.7 million, net income $6.3 million, EPS $0.50.
  - Period: third quarter ended September 30, 2023
  - Revenue: $5.7 million
  - Net income: $6.3 million
  - EPS: $0.50
  - Result: reported results
  source text: Total revenue was $5.7 million, compared to $1.4 million for Q3 2022, an increase of 307%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323020685/0001062993-23-020685-index.htm
- Earnings Releases
  Sphere 3D Corp. reported nine months ended September 30, 2023 results: revenue $14.2 million, net income $14.6 million, EPS $1.29.
  - Period: nine months ended September 30, 2023
  - Revenue: $14.2 million
  - Net income: $14.6 million
  - EPS: $1.29
  - Result: reported results
  source text: Total revenue was $14.2 million the first nine months of 2023, compared to $4.6 million for the first nine months of 2022, an increase of 209%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299323020685/0001062993-23-020685-index.htm

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