Sphere 3D effects 1-for-10 reverse stock split; mined 111.6 BTC in 2025, G&A down 50% YoY

Sphere 3D Corp.

1-for-10 reverse stock split effective Feb 9, 2026; shares reduce from ~33.9M to ~3.39M.
Mined 111.6 Bitcoin in 2025; self-mined balance of 37.3 BTC as of Dec 31, 2025.
Fleet efficiency improved to <19 J/Th from 27.1 J/Th; new 8MW Iowa facility energized March 2025.
Q4 2025 G&A expenses down 50% YoY; sold CORZ shares for $9.4M excess; warrant inducement raised $4.1M.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sphere 3D Corp.: Effected a 1-for-10 share consolidation of common shares via Articles of Amendment (effective 2026-02-09).

Change: charter amendment
Effective: 2026-02-09

Exact text from the filing

On February 9, 2026, Sphere 3D Corp. (the "Company") filed Articles of Amendment (the "Amendment") to effectuate a share consolidation (the "Share Consolidation") of its issued and outstanding common shares in the ratio of 1-for-10.

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Sphere 3D Corp. filing history →

Source: SEC EDGAR

accession 0001062993-26-000850

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