Sphere 3D FY2023 revenue $21.9M, net loss improved to $23.4M; mined 667 Bitcoin, hashrate 1.3 EH/s

Sphere 3D Corp.

Revenue $21.9M vs $6.1M in 2022; net loss $23.4M ($1.93/share) vs $192.8M ($20.36/share).
Mined 667 Bitcoin in 2023, operating hashrate reached 1.3 EH/s from ~0.1 EH/s year-ago.
Sold service/product segment (HVE, Unified ConneXions) for $1 to president Joseph O'Daniel, who resigned.
Terminated MSA with Gryphon Digital, returning 22.5% gross margin; received 2,050,982 Core Scientific shares via bankruptcy settlement.
Ended year with self-mined Bitcoin balance of 23.8 BTC, carrying value $1.0M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sphere 3D Corp. reported fiscal year ended December 31, 2023 results: revenue $21.9 million, net income net loss available to common shareholders of $23.4 million, EPS net loss of $1.93 per share.

Period: fiscal year ended December 31, 2023
Revenue: $21.9 million
Net income: net loss available to common shareholders of $23.4 million
EPS: net loss of $1.93 per share
Result: reported results

Exact text from the filing

not only existing operations, but on executing a plan to weather the halving anticipated in the second quarter of 2024." 2023 HIGHLIGHTS • Revenue increased by $15.8 million, to $21.9 million during the year ended December 31, 2023, due to an increase in revenues from our digital mining operation; • The Company mined 667 Bitcoin in 2023; • The Company ended the year

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Source: SEC EDGAR

accession 0001062993-24-006338

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