---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-014982"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:43:02.468484+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D reports Q2 net income of $2.1M on $7.3M unrealized gain; Bitcoin mined down 60% YoY

## Summary
- Mined 70.7 Bitcoin vs 178.4 in Q2 2023; revenue fell to $4.7M from $5.5M.
- Net income of $2.1M ($0.11 diluted EPS) vs net loss of $4.8M ($0.44 loss) YoY, driven by $7.3M unrealized gain on Core settlement equity.
- Operating costs $10.4M, with depreciation up to $1.8M; hosted hashrate 1.2 EH/s at quarter end.
- First shipment of S21 miners energized in July as part of fleet upgrade; CFO cites challenges from halving and hosting interruptions.
- Bitcoin holdings of 7.2 BTC valued at $0.5M as of June 30, 2024.

## SEC filing metadata
- accession: 0001062993-24-014982
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299324014982/0001062993-24-014982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324014982/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-014982
- JSON: https://secwatch.observer/filing/0001062993-24-014982.json
- Plain text: https://secwatch.observer/filing/0001062993-24-014982.txt

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