₿$70,721.01▼ 2.99%
Sphere 3D Corp.
ANY🇨🇦Reserve
Sphere 3D Corp. is a Bitcoin mining company operating industrial-scale mining facilities, including its first vertically integrated site in Iowa launched in March 2025. The company mines BTC and retains a portion on its balance sheet, having historically sold significant amounts.
BTC Holdings
37.3 BTC
Insufficient history
Stock Price
$1.45
180d
Total financing
0.00 USD
Insufficient history
mNAV
2.07x
180d
BTC Credit
0 bps>10x
Sats/Share
990
180d
Mkt cap
5.46M USD
Shares
3.77M
Fiat reserve
3.71M USD
Total reserve
6.34M USD
Leverage
0.0%
Dilution
0.0%
Analytics
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$25.1M▼41.9%
Total Liabilities$1.8M
Stockholders' Equity$23.3M▼40.7%
Cash & Equivalents$3.7M▼31.7%
Total Debt—
Digital Assets$3.3M
Income Statement
Revenue$11.2M▼32.7%
Operating Income$-22M▼2.7%
Net Income$-21.5M▼126.8%
Interest Expense$0
Cash Flow
Operating Cash Flow$-16.1M▼252.2%
Instruments
Recent Changes
Mon, Mar 23, 2026
Shares Outstanding
3.4M→3.8M+374.6K(+11.0%)
Form 10-K (2025)
Mon, Feb 9, 2026
Shares Outstanding
2.9M→3.4M+456.4K(+15.5%)
1-for-10 reverse split effective Feb 9, 2026; pre-split: 33,925,259
Form 8-K (1-for-10 reverse stock split)Wed, Dec 31, 2025
BTC Holdings
22.7→37.3+14.6 BTC(+64.3%)
Self-mined balance; mined 111.6 BTC during 2025
Form 8-K (FY2025 financial results)Fiat Reserve
5.3M→3.7M-1.6M(-29.8%)USD
Form 8-K (FY2025 financial results)