Sphere 3D
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
621% more call options, than puts
Call options by funds: $606K | Put options by funds: $84K
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
0.47% less ownership
Funds ownership: 5.03% [Q2] → 4.55% (-0.47%) [Q3]
4% less funds holding
Funds holding: 24 [Q2] → 23 (-1) [Q3]
14% less capital invested
Capital invested by funds: $995K [Q2] → $854K (-$140K) [Q3]
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$3
200%
upside
Avg. target
$3
200%
upside
High target
$3
200%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede 68% 1-year accuracy 41 / 60 met price target | 200%upside $3 | Buy Reiterated | 18 Nov 2024 |
Financial journalist opinion
Neutral
Newsfile Corp
1 month ago
Sphere 3D Corp. Announces Pricing of $6 Million Registered Direct Offering and Concurrent Private Placement
Stamford, Connecticut--(Newsfile Corp. - November 20, 2024) - Sphere 3D Corp (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company operating at an industrial scale, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 4,225,353 of its common shares (or common share equivalents in lieu thereof) in a registered direct offering at a purchase price of $1.42 per share (the "Registered Offering"). In a concurrent private placement (the "Private Placement" and together with the Registered Offering, the "Offerings"), the Company also agreed to issue to the same investor warrants to purchase up to 4,225,353 of its common shares (the "Common Warrants").
Neutral
Newsfile Corp
1 month ago
Sphere 3D Corp. Provides October 2024 Update
Stamford, Connecticut--(Newsfile Corp. - November 15, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company focused on strategically growing its production, is providing a strategic and operational update for October 2024. Key Highlights: 11.7 Bitcoin mined in October 2024 Month-end deployed hash rate was 0.8 EH/s Development initiated on our new 12.5 MW site with multi-year sub $0.04 power contract Metrics Oct. 2023 Sept.
Positive
Zacks Investment Research
1 month ago
Sphere 3D Corp. (ANY) Surpasses Q3 Earnings Estimates
Sphere 3D Corp. (ANY) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.19 per share. This compares to loss of $0.38 per share a year ago.
Neutral
Newsfile Corp
1 month ago
Sphere 3D Reports Third Quarter 2024 Financial Results
Stamford, Connecticut--(Newsfile Corp. - November 14, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the quarter ended September 30, 2024. 2024 Third Quarter Highlights Sphere 3D and Simple Mining LLC entered into a letter of intent to acquire a 12.5 MW site in Iowa featuring average sub 4c energy.
Neutral
Newsfile Corp
2 months ago
Sphere 3D Corp. Provides September 2024 Update
Stamford, Connecticut--(Newsfile Corp. - October 17, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company focused on strategically growing its production, is providing an operational update for September 2024, as well as a general strategic update. Key Highlights 9.2 Bitcoin mined in September 2024 Month-end deployed hash rate was 0.7 EH/s Development initiated on new 12.5 MW hosting site with multi-year sub $0.04 power contract; energization begins in December 2024 Metrics Sept.
Neutral
Newsfile Corp
2 months ago
Sphere 3D Corp. Provides August 2024 Update
Stamford, Connecticut--(Newsfile Corp. - September 23, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for August 2024. Key Highlights: Second batch of Antminer S21 fleet upgrades have arrived 12.7 Bitcoin mined in August 2024 Month-end deployed hash rate was 1.0 EH/s Metrics Aug 2023 July 2024 Aug 2024 Bitcoin Mined 58.3 16.8 12.7 Bitcoin Sold 65.7 22.0 12.6 Mining Revenue $1.6 million $1.0 million $0.8 million Bitcoin Holdings 2.8 2.0 2.1 Deployed Miners ~12,450 ~11,200 ~8,900 Month End Deployed Hash Rate (EH/s) 1.3 EH/s 1.2 EH/s 1.0 EH/s Strategic Update: We continue to proactively focus on the company's future growth through operational growth and strategic partnerships: As announced earlier this month, we are developing a 12.5 MW site in Iowa at an average of sub ~ 4 cent energy.
Neutral
Newsfile Corp
3 months ago
Sphere 3D Corp. Signs Letter of Intent to Acquire a 12.5 MW Site in Iowa Featuring Average Sub -4c Energy, Set to be Operational by December 2024
Stamford, Connecticut--(Newsfile Corp. - September 9, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, announces the development of a 12.5 MW site in Iowa. 12.5 MW site with anticipated average of sub ~4 cent power Facility estimated to be ready beginning of December Managed services agreement with Simple Mining for 3 years to manage site Sphere 3D has partnered with Simple Mining LLC to engineer, develop, and operate the site.
Neutral
Newsfile Corp
4 months ago
Sphere 3D Corp. Provides July 2024 Update
Stamford, Connecticut--(Newsfile Corp. - August 19, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company, is providing a strategic and operational update for July 2024. Key Highlights: First batch of Antminer S21 fleet upgrade has arrived 16.8 Bitcoin mined in July 2024 Month-end deployed hash rate was 1.2 EH/s Metrics July 2023 June 2024 July 2024 Bitcoin Mined 59.8 20.4 16.8 Bitcoin Sold 70.1 15.7 22.0 Mining Revenue $1.8 million $1.4 million $1.0 million Bitcoin Holdings 10.2 7.2 2.0 Deployed Miners ~10,240 ~11,400 ~11,200 Month End Deployed Hash Rate (EH/s) 1.1 EH/s 1.2 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.
Negative
Zacks Investment Research
4 months ago
Sphere 3D Corp. (ANY) Reports Q2 Loss, Misses Revenue Estimates
Sphere 3D Corp. (ANY) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.44 per share a year ago.
Neutral
Newsfile Corp
4 months ago
Sphere 3D Reports Second Quarter 2024 Financial Results
Stamford, Connecticut--(Newsfile Corp. - August 13, 2024) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"), a Bitcoin mining company operating at an industrial scale, today reported financial results for the quarter ended June 30, 2024. 2024 Second Quarter Highlights Sphere 3D recognized a $7.3 million unrealized gain on investment in equity securities acquired through the Core settlement.
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