---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-099276"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2026-09-11T20:15:22+00:00"
generated_at: "2026-09-11T20:16:23.963015+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D prices $5M private placement, sells Iowa site and mining fleet, pivots to AI/HPC

## Summary
- Private placement: 1,666,661 units at $3.00/unit, ~$5.0M gross; each unit = 1 share + 1 five-year warrant at $3.50, a 29%/51% premium to Sept 4 close.
- Insiders incl. Chairman Timothy Hanley and CEO Joel Block subscribed 333,332 units (~$1.0M); securities subject to six-month lock-up.
- Iowa site sold for $1.5M plus ~$500K utility deposits (~$2M total); legacy fleet of ~5,500 mining machines sold for ~$3M.
- Hopkinsville, KY land option secured for ~20 acres; proposed 50 MW data center with 65 MW substation (~$8-10M), subject to approvals.
- Post-Iowa sale, ~50 MW energized capacity across 4 TN/KY sites; Bitdeer (BTDR) supplies/owns hardware at 20 of 30 MW under joint mining deals.

## SEC filing metadata
- accession: 0001213900-26-099276
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2026-09-11T20:15:22+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000121390026099276/0001213900-26-099276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000121390026099276/ea0305129-8k_sphere.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-099276
- JSON: https://secwatch.observer/filing/0001213900-26-099276.json
- Plain text: https://secwatch.observer/filing/0001213900-26-099276.txt

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