---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-25-006516"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:04:48.222619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-25-006516
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1591956/000106299325006516/0001062993-25-006516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299325006516/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-25-006516
- JSON: https://secwatch.observer/filing/0001062993-25-006516.json
- Plain text: https://secwatch.observer/filing/0001062993-25-006516.txt

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