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Sphere 3D

Sphere 3D is a digital infrastructure company focused on operating and expanding scalable power and data center assets for high-performance computing, AI workloads, and digital asset infrastructure.

Last updated September 2, 2026

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Overview

Sphere 3D Corp. (Nasdaq: ANY) is a digital infrastructure company focused on operating and expanding scalable power and data center assets for high-performance computing, AI workloads, and digital asset infrastructure. The company operates 5 sites across Iowa, Kentucky, and Tennessee with a combined capacity of 53 MW and an average uptime of 97.4%. It has long-term power contracts at sub-$0.055/kWh and direct partnerships with energy producers. Revenue comes from both proprietary compute operations and fixed-margin third-party hosting contracts. The company is led by CEO Joel Block, CFO Kurt Kalbfleisch, Head of Strategy Thomas Masiero, and Chief Accounting Officer Tiah Reppas.

History

Sphere 3D Corp. is a digital infrastructure company. Joel Block assumed the role of Chief Executive Officer of the combined Sphere3D and Cathedra entity upon completion of the merger in June 2026. Kurt Kalbfleisch has served as Chief Financial Officer and Secretary of Sphere 3D Corp. since December 2014, a role he continues in the combined company. He previously served as Acting and then permanent Chief Executive Officer of Sphere 3D from January to November 2025.

Recent events

  • Sphere 3D announces $192.1 million registered direct offering[6]

    Reported:

    Sphere 3D announced a registered direct offering of common shares and warrants to institutional investors, with gross proceeds estimated at approximately $192.1 million before fees and expenses. The offering was expected to close on or about September 8, 2021, subject to customary closing conditions.

  • Sphere 3D announces merger agreement with Gryphon Digital Mining[7]

    Reported:

    Sphere 3D announced that it entered into a merger agreement with privately held Gryphon Digital Mining. The merger was expected to close in the third quarter of 2021, subject to stockholder and other approvals and closing conditions.

  • Sphere 3D prices $7 million public offering[8]

    Reported:

    Sphere 3D announced pricing for an underwritten public offering of 5.6 million common shares at $1.25 per share, for gross proceeds of $7.0 million. The offering was expected to close on or about May 27, subject to customary conditions.

  • Sphere 3D announces sponsorship of MEOA[9]

    Reported:

    Sphere 3D announced that it would sponsor Minority Equality Opportunities Acquisition Inc., a SPAC targeting minority-owned and controlled businesses, and submitted a confidential draft registration statement to the SEC.

  • Sphere 3D appoints Patricia Trompeter to its board[10]

    Reported:

    Sphere 3D announced that it appointed Patricia Trompeter to its board of directors; she will also serve on the Nominating, Governance and Audit Committees.

  • Sphere 3D announces acquisition of Rainmaker Worldwide[11]

    Reported:

    Sphere 3D announced that it had entered into a definitive merger agreement to acquire all outstanding securities of Rainmaker Worldwide. The transaction was subject to financing and regulatory and shareholder approvals.

  • Sphere 3D reports fiscal 2019 results[12]

    Reported:

    Sphere 3D reported financial results for the year ended December 31, 2019, including revenue of $5.6 million and a net loss from continuing operations of $4.3 million.

Sources14 sources

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