Sphere 3D sells Iowa site and mining fleet for ~$4.6M total proceeds

Sphere 3D Corp.

Iowa site sale to Simple Mining LLC for $1.5M; $300k cash received, $1.2M interest-free note payable monthly over 12 months starting Dec 1, 2026.
Company to receive return of ~$300k utility prepayment and ~$225k security deposit under Iowa Agreement.
Binding term sheet with RepairBit LLC to sell ~5,500 mining machines (all legacy fleet) for ~$3.1M over 90 days from Sept 1, 2026.
Company retains ownership of mining machines until payments are received; delivery over 90-day period.

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