---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-006338"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:17:14.262619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-24-006338
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299324006338/0001062993-24-006338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324006338/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-006338
- JSON: https://secwatch.observer/filing/0001062993-24-006338.json
- Plain text: https://secwatch.observer/filing/0001062993-24-006338.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299324006338/0001062993-24-006338-index.htm

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