---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-25-009433"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:02:27.776920+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D Q1 net loss $8.8M; revenue down 59% YoY to $2.8M

## Summary
- Net loss $8.8M ($0.32 per share) vs $4.5M loss in Q1 2024; revenue $2.8M vs $6.9M YoY.
- Bitcoin production 30.5 BTC vs 144.8 BTC in Q1 2024; mined BTC balance 22.7 worth ~$1.9M.
- Operating costs $8.0M vs $8.8M; net loss from operations $5.2M vs $1.9M loss YoY.
- Resolved litigation with Gryphon Digital Mining with no payments; $2.4M receivable from Rebel settlement.
- New Iowa hosting site energized in March; managed services deal with Simple Mining.

## SEC filing metadata
- accession: 0001062993-25-009433
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299325009433/0001062993-25-009433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299325009433/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-25-009433
- JSON: https://secwatch.observer/filing/0001062993-25-009433.json
- Plain text: https://secwatch.observer/filing/0001062993-25-009433.txt

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