---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-019161"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:29:04.205302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D Q3 2024: Bitcoin mined drops 79% YoY to 38.7 BTC; net income $0.1M vs loss

## Summary
- Mined 38.7 Bitcoin in Q3 2024, down from 181.7 BTC in Q3 2023 (79% YoY decline).
- Mining revenue fell to $2.4M from $5.1M YoY; net income of $0.1M ($0.01 EPS) vs net loss of $6.3M.
- Received $3.0M from a hosting contract buyout; other income totaled $5.8M.
- Operating costs decreased to $7.5M from $12.1M YoY; ended quarter with 0.7 EH/s.
- Entered LOI to acquire a 12.5 MW Iowa site with average sub 4c energy.

## SEC filing metadata
- accession: 0001062993-24-019161
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1591956/000106299324019161/0001062993-24-019161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324019161/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-019161
- JSON: https://secwatch.observer/filing/0001062993-24-019161.json
- Plain text: https://secwatch.observer/filing/0001062993-24-019161.txt

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