---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-016319"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:39:09.677822+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D signs LOI to acquire 12.5 MW bitcoin mining site in Iowa with sub-4c power; target operational by Dec 2024

## Summary
- 12.5 MW site in Iowa with average power cost below 4 cents per kWh.
- Facility expected to be operational by early December 2024.
- 3-year managed services agreement with Simple Mining to operate the site.
- Acquisition funded with existing working capital; company remains debt-free.
- CEO cites reduced hosting exposure and improved marginal cost to mine.

## SEC filing metadata
- accession: 0001062993-24-016319
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299324016319/0001062993-24-016319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324016319/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-016319
- JSON: https://secwatch.observer/filing/0001062993-24-016319.json
- Plain text: https://secwatch.observer/filing/0001062993-24-016319.txt

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