---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-010082"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:49:54.732400+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D Q1 revenue $6.9M (+130% YoY); net loss $4.5M, widens from $3.5M

## Summary
- Revenue $6.9M, up 130% YoY; mined 144.8 Bitcoin vs 110.3 in Q1 2023.
- Net loss $4.5M ($0.27 per share) vs $3.5M ($0.34) YoY; operating loss improved to $1.9M from $3.7M.
- Hashrate 1.3 EH/s at quarter end; plans to refresh fleet with newer-gen machines starting Q2 2024.
- Unrealized loss of $2.7M on Core settlement equity securities recognized in Q1.
- Operating costs $8.8M, up from $6.8M; depreciation & amortization $1.8M.

## SEC filing metadata
- accession: 0001062993-24-010082
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1591956/000106299324010082/0001062993-24-010082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324010082/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-010082
- JSON: https://secwatch.observer/filing/0001062993-24-010082.json
- Plain text: https://secwatch.observer/filing/0001062993-24-010082.txt

## Key facts
- Earnings Releases
  Sphere 3D Corp. reported first fiscal quarter ended March 31, 2024 results: revenue $6.9 million, net income Net loss was $4.5 million, or a net loss of $0.27 per share, EPS a net loss of $0.27 per share.
  - Period: first fiscal quarter ended March 31, 2024
  - Revenue: $6.9 million
  - Net income: Net loss was $4.5 million, or a net loss of $0.27 per share
  - EPS: a net loss of $0.27 per share
  - Result: reported results
  source text: scale, today reported financial results for the first quarter of FY 2024 ended March 31, 2024. 2024 First Quarter Highlights and Recent Developments Revenue increased to $6.9 million during the quarter ended March 31, 2024. Sphere 3D mined 144.8 Bitcoin during the quarter ended March 31, 2024. Sphere 3D ended the quarter with 1.3 EH/s. CEO Comments “As we
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299324010082/0001062993-24-010082-index.htm

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