₿$73,459.79▼ 0.12%
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
26.2 BTC
180d
Stock PriceUpdated 11h ago
$1.90▼ 1.04%
180d
Total financing
0.00 USD
Insufficient history
mNAV
5.50x▼ 0.92%
180d
Sats/Share
471
180d
Mkt capFD
10.58M USD
SharesFD
5.57M
Fiat reserve
3.15M USD
Total reserve
5.07M USD
Leverage
0.0%
Dilution
31.2%
Analytics
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$21.7M▼30.1%
Total Liabilities$1.7M
Stockholders' Equity$20M▼32.3%
Cash & Equivalents$3.1M▼40.4%
Total Debt$0
Digital Assets$1.8M▼31.0%
Income Statement
Revenue$1.9M▼27.0%
Operating Income$-4.1M▼2.4%
Net Income$-4.1M▲3.3%
Interest Expense—
Cash Flow
Operating Cash Flow$-3.7M▲72.2%
ATM Programs
Common
Instruments
ANY-Sep21
CommonExercise price
665.00 USD
Warrant shares
147.1K
Expiry
2026-09-08
Outstanding
142.9K
ANY-Feb22A
Placement agentExercise price
280.00 USD
Warrant shares
1.4K
Expiry
2027-02-07
Outstanding
1.4K
ANY-Feb22B
Placement agentExercise price
350.00 USD
Warrant shares
1.4K
Expiry
2027-02-07
Outstanding
1.4K
ANY-Feb22C
Placement agentExercise price
420.00 USD
Warrant shares
1.4K
Expiry
2027-02-07
Outstanding
1.4K
ANY-Apr23
CommonExercise price
13.420 USD
Warrant shares
7.4K
Expiry
2026-04-17
Outstanding
7.4K
ANY-Aug23A
CommonExercise price
27.500 USD
Warrant shares
80K
Expiry
2026-08-11
Outstanding
80K
ANY-Aug23B
CommonExercise price
27.500 USD
Warrant shares
216.3K
Expiry
2026-08-23
Outstanding
216.3K
ANY-Oct25
CommonExercise price
9.400 USD
Warrant shares
873.6K
Expiry
2031-01-15
Outstanding
873.6K
Total unexercised
1.3M
| Instrument | Type | Exercise price | Warrant shares | Expiry | Outstanding |
|---|---|---|---|---|---|
| ANY-Sep21 | Common | 665.00 USD | 147.1K | 2026-09-08 | 142.9K |
| ANY-Feb22A | Placement agent | 280.00 USD | 1.4K | 2027-02-07 | 1.4K |
| ANY-Feb22B | Placement agent | 350.00 USD | 1.4K | 2027-02-07 | 1.4K |
| ANY-Feb22C | Placement agent | 420.00 USD | 1.4K | 2027-02-07 | 1.4K |
| ANY-Apr23 | Common | 13.420 USD | 7.4K | 2026-04-17 | 7.4K |
| ANY-Aug23A | Common | 27.500 USD | 80K | 2026-08-11 | 80K |
| ANY-Aug23B | Common | 27.500 USD | 216.3K | 2026-08-23 | 216.3K |
| ANY-Oct25 | Common | 9.400 USD | 873.6K | 2031-01-15 | 873.6K |
| Total unexercised | 1.3M | ||||
Recent Changes
Wed, May 13, 2026
Shares Outstanding
3.8M→4.2M+414.6K(+10.8%)
Form 10-Q (Q1 2026)
ATM Activity2026-04-01 – 2026-05-13
389.9K shares
$0.6M net proceeds; gross undisclosed; period bounded by cover-page share count date
Form 10-Q (Q1 2026)Fri, Apr 10, 2026
Shares Outstanding
3.8M→3.8M+62.2K(+1.7%)
Special-meeting record date count for Cathedra acquisition vote
Form DEFM14A (Cathedra Bitcoin acquisition - special meeting proxy)Tue, Mar 31, 2026
BTC Holdings
37.3→26.2-11.1 BTC(-29.8%)
Mined 25.3 BTC during Q1 2026; sold BTC for $2.8M proceeds; -11.1 BTC net change vs 37.3 at Dec 31, 2025
Form 10-Q (Q1 2026)Fiat Reserve
3.7M→3.1M-562.0K(-15.2%)USD
Form 10-Q (Q1 2026)
ATM Activity2026-01-01 – 2026-03-31
256.1K shares
$0.4M net proceeds; gross undisclosed
Form 10-Q (Q1 2026)Mon, Mar 23, 2026
Shares Outstanding
3.4M→3.8M+374.6K(+11.0%)
Form 10-K (2025)
Mon, Feb 9, 2026
Shares Outstanding
29.4M→3.4M-26.0M(-88.4%)
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)