Sphere 3D regains Nasdaq compliance; October Bitcoin mining up 27% MoM to 11.7 BTC

Sphere 3D Corp.

Regained Nasdaq minimum bid price compliance under Rule 5550(a)(2); matter closed Nov 15, 2024.
Mined 11.7 Bitcoin in October 2024 vs 9.2 in September; revenue $0.8M, up from $0.6M.
Month-end deployed hash rate 0.8 EH/s; 875 of 1,000 new Bitmain S21 miners online in Iowa.
Developing 12.5 MW hosting site with multi-year contract at <$0.04/kWh starting Jan 1, 2025.
Cleared SEC comments on 10-K/10-Qs and shelf registration; merger partner discussions advancing.

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