Sphere 3D Secures Order for 60,000 BTC Antminers, One of the Largest Single Orders in Digital Mining Industry History
Toronto, Ontario--(Newsfile Corp. - September 21, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, announces that it made a US$85 million payment towards its previously announced purchase order for 60,000 bitcoin mining rigs ("miners"). The company has purchased 60,000 Antminer S19j Pros, currently considered the industry leading miner, which will commence delivery in November of 2021....
2021-09-21 4:00 AM EDT
Sphere 3D Merger Target Gryphon, Launches First Batch of its 7,200 S19j Miners
Toronto, Ontario--(Newsfile Corp. - September 16, 2021) - Sphere 3D Corp. (Nasdaq: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions announced today that Gryphon Digital Mining, which has entered into an Agreement and Plan of Merger with the Company, has received the first batch of its 7,200 S19j Pro Antminers (the "Miners") and they are installed and now mining bitcoin. This is transformational for Gryphon as it...
2021-09-16 4:00 AM EDT
Sphere 3D Retains Legal Capital as Advisor
Toronto, Ontario--(Newsfile Corp. - September 9, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, announces it has retained Legal Capital, a global investment management company, as an advisor.Legal Capital is a private equity firm headquartered in China and the US, specializing in global investments for high-quality capital. Most notably it has invested in a number of high profiled...
2021-09-09 11:26 PM EDT
Sphere 3D Corp. Announces Closing of Previously Announced $192.1 Million Registered Direct Offering Priced At-the-Market
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, announced that it closed its previously announced US$192,100,000 Registered Direct Offering priced At-the-Market. The combined purchase price for one common share and one-half warrant to purchase one common share is $8.50. Under the terms of the agreement, Sphere 3D sold a total of...
2021-09-08 1:50 PM EDT
Sphere 3D Announces Pricing of $192.1 Million Registered Direct Offering Priced At-the-Market to Help Secure the Initial Order of 60,000 Miners
Toronto, Ontario--(Newsfile Corp. - September 3, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today that it has entered into a securities purchase agreement with institutional investors to purchase $192.1 million of its common shares and warrants in a registered direct offering priced at-the-market under Nasdaq rules. The combined purchase price for one common share and one-half warrant to purchase one common share is $8.50. Under the terms of the agreement,...
2021-09-03 2:21 AM EDT
Sphere 3D Sponsored SPAC - Minority Equality Opportunities Acquisition Inc., Closes Upsized $126.5 Million IPO, Including Full Exercise of the Overallotment Option
Toronto, Ontario--(Newsfile Corp. - August 30, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, today reports Minority Equality Opportunities Acquisition Inc. ("Minority Equality" ), a company that Sphere 3D has an indirect interest in, closed its upsized initial public offering (the "IPO").Minority Equality is a newly organized blank check company incorporated as a Delaware company and...
2021-08-30 6:52 PM EDT
Sphere 3D Sponsored SPAC - Minority Equality Opportunities Acquisition Inc., Announces Pricing of Upsized $110.0 Million Initial Public Offering
Toronto, Ontario--(Newsfile Corp. - August 26, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, today reports that Minority Equality Opportunities Acquisition Inc. ("Minority Equality"), a company that Sphere 3D has an indirect interest in, announced the pricing of their initial public offering of 11,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one...
2021-08-26 8:35 AM EDT
Gryphon and Sphere Announce MSA and Agreement to Purchase Additional Carbon Offset Credits Bringing Total to Half a Million Credits
Toronto, Ontario--(Newsfile Corp. - August 20, 2021) - Gryphon Digital Mining ("Gryphon") and Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D") today...
2021-08-20 7:00 AM EDT
Sphere 3D Reports Second Quarter Fiscal Year 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 16, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its second quarter ended June 30, 2021. Second Quarter 2021 Financial Results:Our results for second quarter 2021 were as follows:Revenue was $0.9 million in the both the second quarters of 2021 and 2020.Gross margin for second quarter of 2021 was 43.7%,...
2021-08-16 5:07 PM EDT
Sphere 3D Announces Agreement to Acquire Exclusive Rights for Assignment of Cryptocurrency Mining Assets
Toronto, Ontario--(Newsfile Corp. - August 5, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, announces it has entered into an agreement (the "Agreement") with Hertford Advisors Ltd. ("Hertford"), a privately-held company that provides turnkey mining solutions, to provide a six month exclusive right to assume all of Hertford's rights to a number of bitcoin mining agreements (the...
2021-08-05 4:34 PM EDT
Gryphon Digital Mining and Sphere 3D Corp Announce Agreement to Purchase 250,000 Carbon Offset Credits
Miami, Florida--(Newsfile Corp. - June 9, 2021) - Gryphon Digital Mining and Sphere 3D (NASDAQ: ANY), which recently entered into an Agreement and Plan of Merger, today announced that they have entered into an agreement to purchase 250,000 Certified Emission Reductions ("CERs" or "Credits"), with each company purchasing 125,000 credits, subject to closing conditions (as further defined below). These credits will not only support ESG commitments in achieving net-zero emissions for the parties,...
2021-06-09 7:00 AM EDT
Sphere 3D Corp. Announces Merger Agreement with Gryphon Digital Mining, Inc.
Toronto, Ontario--(Newsfile Corp. - June 3, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization and data management solutions announces that it has entered into an Agreement and Plan of Merger with Gryphon Digital Mining, Inc. ("Gryphon"), a privately-held company focused on the mining of bitcoin using renewable energy. Upon completion of the merger, the Company will change its name to Gryphon Digital Mining, Inc....
2021-06-03 9:26 AM EDT
Sphere 3D Corp. to Debut Its First Mining Solution for Cryptocurrencies: SnapMine
Toronto, Ontario--(Newsfile Corp. - May 28, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization and data management solutions, announced today an expansion of its SnapServer line to include solutions for cryptocurrency mining, called SnapMine, to be available in Q3 2021. Leveraging the SnapServer brand, that has been delivered for the last 20 years, SnapMine is designed as a cost-effective plug-and-play mining solution...
2021-05-28 8:00 AM EDT
Sphere 3D Corp. Announces Closing of $7.9 Million Public Offering and Partial Exercise of Overallotment Option
Toronto, Ontario--(Newsfile Corp. - May 27, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today the closing of its underwritten public offering of 5,600,000 common shares at a price to the public of $1.25 per share. In addition, Sphere 3D granted to Maxim Group LLC a 45-day option to purchase up to an additional 840,000 common shares, at the public offering price less underwriting discounts and commissions, of which Maxim Group LLC has exercised...
2021-05-27 1:15 PM EDT
Sphere 3D Corp. Announces Pricing of $7.0 Million Public Offering of Common Shares
Toronto, Ontario--(Newsfile Corp. - May 24, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today the pricing of its underwritten public offering of 5,600,000 common shares at a price to the public of $1.25 per share for gross proceeds of $7.0 million.Maxim Group LLC is acting as sole book-running manager in connection with the offering.Sphere 3D also has granted the underwriters a 45-day option to purchase up to an additional 840,000 common shares, at the...
2021-05-24 8:37 PM EDT
Sphere 3D Reports First Quarter Fiscal Year 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 14, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its first quarter ended March 31, 2021. First Quarter 2021 Financial Results:Our results for first quarter 2021 were as follows:Revenue for the first quarter of 2021 was $0.9 million, compared to $1.0 million for the first quarter of 2020.Gross margin for the...
2021-05-14 5:12 PM EDT
Sphere 3D Corp. Sponsors Minority Equality Opportunities Acquisition Inc., a SPAC Targeting Historically Undercapitalized Minority Businesses
Toronto, Ontario--(Newsfile Corp. - May 12, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced the submission of a confidential draft registration statement with the Securities and Exchange Commission to sponsor Minority Equality Opportunities Acquisition Inc. (“MEOA”), a special-purpose acquisition company, or SPAC, dedicated to investing in minority-owned and controlled businesses with an initial funding target of $100 million.Sphere 3D's sponsorship of MEOA is...
2021-05-12 7:30 AM EDT
Sphere 3D Corp. Files Registration Statement
Toronto, Ontario--(Newsfile Corp. - April 27, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Company" or "Sphere 3D") announced today that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission ("SEC") for a public offering of its common shares. The number of common shares to be offered and the price per share has not yet been determined. Sphere 3D plans to use the proceeds from the offering for working capital, general corporate purposes and to...
2021-04-27 6:24 AM EDT
Sphere 3D Corp. Appoints Former GE Capital Executive Patricia Trompeter to its Board of Directors
Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Company" or "Sphere 3D") announced today that the Company has appointed M&A and financial expert Patricia Trompeter to its Board of Directors ("Board"). Ms. Trompeter will also serve on the Nominating, Governance and Audit Committees. Ms. Trompeter is a welcomed addition to the Sphere 3D Board, bringing more than 16 years of experience in mergers and acquisitions and over 15 years in financial management....
2021-04-22 8:00 AM EDT
Sphere 3D Reports Fiscal Year 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - April 8, 2021) - Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its year ended December 31, 2020. Fiscal Year Financial Results:Our results for fiscal year 2020 were as follows:Net revenue for 2020 was $4.8 million, compared to $5.6 million for 2019.Gross margin for 2020 was 46.4%, compared to 33.2% for 2019.Operating expenses for 2020 were $8.2...
2021-04-08 10:40 PM EDT