Sphere 3D FY2025 net loss jumps 127% to $21.48 million as revenue falls 33% to $11.2 million

Reuters03-07 06:31

Sphere 3D FY2025 net loss jumps 127% to $21.48 million as revenue falls 33% to $11.2 million

Sphere 3D Corp. reported a fiscal 2025 net loss of 21.48 million, widening 127% from the prior year. Revenue fell 33% to 11.2 million, which the company attributed mainly to the April 2024 Bitcoin halving and its fleet refresh. Operating costs and expenses declined 13% to 33.18 million, and general and administrative expense dropped 33% to 8.27 million. Sphere 3D mined 111.6 Bitcoin in 2025 and held 37.3 self-mined Bitcoin as of Dec. 31, 2025. The company said it replaced older miners with about 2,300 newer S21-series units, improving average fleet efficiency from 27.1 J/TH to below 19.0 J/TH.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sphere 3D Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202603061730NEWSFILECNPR____20260306_286514_1) on March 06, 2026, and is solely responsible for the information contained therein.

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