Sphere 3D FY2024 revenue $16.6M, net loss improves to $9.5M vs $23.4M in FY2023

Sphere 3D Corp.

Revenue $16.6M in FY2024, down from $21.9M in FY2023 due to miner upgrades and sale of Service segment.
Net loss available to common shareholders $9.5M ($0.48 per share), improved from $23.4M ($1.93 per share) in FY2023.
Self-mined Bitcoin balance 14.9 BTC carrying ~$1.4M as of Dec 31, 2024.
Replaced ~25% of S19j Pro miners with newer S19 XP and S21 models; nameplate hashrate up 40-100%.
Settled litigation with Gryphon Digital Mining in March 2025 (no payment); received $2.4M from Rebel Mining termination in Jan 2025.

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