Sphere 3D FY2025 revenue falls 32.53% to $11.2 million; impairment of property and equipment jumps to $7.2 million

Reuters03-28
<a href="https://laohu8.com/S/ANY">Sphere 3D</a> FY2025 revenue falls 32.53% to $11.2 million; impairment of property and equipment jumps to $7.2 million
  • Sphere 3D published its annual report on Form 10-K, reporting revenue of USD 11.2 million in 2025, down 32.53%.
  • Bitcoin mining output was 111.6 Bitcoin in 2025, down 61% due primarily to the April 2024 halving event, a transition to lower-cost hosting sites, and a mining fleet refresh.
  • Net cash used in operating activities was USD 16.1 million in 2025, while cash and cash equivalents were USD 3.7 million at Dec. 31, 2025.
  • Impairment of property and equipment was USD 7.2 million in 2025, and management said it was primarily due to a decline in Bitcoin price affecting expected sales value of mining equipment.
  • Management said there is substantial doubt about the company’s ability to continue as a going concern within 12 months from issuance of the financial statements if it is unable to raise additional funding.


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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001591956-26-000004), on March 27, 2026, and is solely responsible for the information contained therein.

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