Sphere 3D
ANY

$1.07

4.85%

Market Cap: 19.6M

About: Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.

Employees: 5

Financials Finance Services

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

763% more call options, than puts

Call options by funds: $1.16M | Put options by funds: $134K

200% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 2

1.45% less ownership

Funds ownership: 5.43% [Q4 2023] → 3.98% (-1.45%) [Q1 2024]

12% less funds holding

Funds holding: 25 [Q4 2023] → 22 (-3) [Q1 2024]

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

58% less capital invested

Capital invested by funds: $2.59M [Q4 2023] → $1.09M (-$1.5M) [Q1 2024]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$4

274%

upside

Avg. target

$4

274%

upside

High target

$4

274%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

HC Wainwright & Co.

Kevin Dede

274%upside

$4

Buy

Reiterated

16 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ANY published over the past 30 days

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Sphere 3D Corp. Provides June 2024 Update

Stamford, Connecticut--(Newsfile Corp. - July 18, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for June 2024. Key Highlights First batch of fleet upgrade has arrived 20.4 Bitcoin mined in June 2024 Month-end deployed hash rate was 1.2 EH/s Metrics June 2023 May 2024 June 2024 Bitcoin Mined 65.1 20.4 20.4 Bitcoin Sold 67.2 20.5 15.7 Mining Revenue $1.8 million $1.3 million $1.4 million Bitcoin Holdings 20.2 2.5 7.2 Deployed Miners ~9,995 ~11,000 ~11,400 Month End Deployed Hash Rate (EH/s) 1.0 EH/s 1.1 EH/s 1.2 EH/s Strategic Update We continue to proactively focus on the company's future growth through operational growth and strategic partnerships: As previously announced, our plan is to gradually take older machines offline and replace them with the latest generation models throughout the remainder of the year.

Sphere 3D Corp. Provides June 2024 Update

Sphere 3D Corp. Provides Response To Misleading Gryphon Press Release

Stamford, Connecticut--(Newsfile Corp. - July 18, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, provides this response to a press release Gryphon Digital Mining Inc. ("Gryphon") issued on July 17, 2024 in which it claimed that "Sphere Concedes It Will No Longer Seek To Impose Any Liability for Impersonation of Its CFO." As reflected in the filings in the litigation with Gryphon, Gryphon's press release is at best misleading: Gryphon has already effectively compensated Sphere for the impersonation and conceded its wrongdoing here, so Sphere has no need to "impose any liability for impersonation of its CFO.

Sphere 3D Corp. Provides Response To Misleading Gryphon Press Release

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Sphere 3D Corp. Provides April 2024 Update

Stamford, Connecticut--(Newsfile Corp. - May 14, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D," "we," "our" or "us"), dedicated to becoming a growing Bitcoin mining company, is providing a strategic and operational update for April 2024. Key Highlights Partnering with Sunnyside Digital for fleet upgrade and refresh 29.9 Bitcoin were mined in April 2024 Month-end operating hash rate was 0.9 EH/s; this reduction was primarily due to machines in transit at month end as well as operational issues at two hosting sites Metrics April 2023 March 2024 April 2024 Bitcoin Mined 35.6 26.0 29.9 Bitcoin Sold 41.3 48.0 29.1 Mining Revenue $1.0 million $1.7 million $1.4 million Bitcoin Holdings 16.2 1.8 2.6 Deployed Miners ~4,330 ~12,500 ~9,100 Month End Deployed Hash Rate (EH/s) 0.5 EH/s 1.3 EH/s 0.9 EH/s Strategic Update We are proactively strategizing for our future growth with a two-pronged approach to our strategic business plan: First, we plan to focus on organic growth through a fleet refresh and the addition of more exahash.

Sphere 3D Corp. Provides April 2024 Update

Sphere 3D Reports First Quarter 2024 Financial Results

Stamford, Connecticut--(Newsfile Corp. - May 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the first quarter of FY 2024 ended March 31, 2024. 2024 First Quarter Highlights and Recent Developments Revenue increased to $6.9 million during the quarter ended March 31, 2024.

Sphere 3D Reports First Quarter 2024 Financial Results

Sphere 3D Corp. Provides February 2024 Production and Operation Updates

Stamford, Connecticut--(Newsfile Corp. - March 22, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, is providing the results of its Bitcoin mining operation for February 2024. Key Highlights: 40.3 Bitcoin mined in February, up 15% YoY.

Sphere 3D Corp. Provides February 2024 Production and Operation Updates

Sphere 3D Reports Fiscal Year 2023 Financial Results and Operational Updates

Stamford, Connecticut--(Newsfile Corp. - March 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company operating at an industrial scale, is pleased to announce financial results for its fiscal year ended December 31, 2023. COMMENTS FROM SPHERE 3D LEADERSHIP "I'm pleased to report that once again we delivered very strong results and made significant progress in our operations during 2023.

Sphere 3D Reports Fiscal Year 2023 Financial Results and Operational Updates

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Sphere 3D Corp. Provides January 2024 Production and Operation Updates

Toronto, Ontario--(Newsfile Corp. - February 8, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), dedicated to becoming the leading carbon-neutral Bitcoin mining company, is providing the results of its Bitcoin mining operation for January 2024. Key Highlights: 61.0 Bitcoin mined in January, up 61% YoY.

Sphere 3D Corp. Provides January 2024 Production and Operation Updates

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