Company: ANY
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001591956-25-000009
Chunk: 55

Company: Sphere 3D Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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,172,569 — — Weighted average common shares outstanding for diluted net income (loss) per share27,723,956 20,884,287 27,454,024 17,644,315 Net income (loss) per share:Basic$0.06 $0.11 $(0.26)$(0.13)Diluted$0.06 $0.10 $(0.26)$(0.13)Anti-dilutive common share equivalents excluded from the computation of diluted net income (loss) per share were as follows:Three MonthsEnded June 30,Six MonthsEnded June 30, 2025202420252024Common share purchase warrants8,918,988 5,842,354 8,918,988 5,842,354 Options and RSUs outstanding2,261,341 1,700,910 2,261,341 1,700,910 Preferred shares— — 23,000 2,172,569 

19

12.Commitments and Contingencies

Hosting AgreementsIn April 2024, the Company entered into a Master Hosting Agreement with Simple Mining LLC (“Simple Mining”) for rack space, network services, electrical connections, routine facility maintenance, and technical support of certain of the Company’s mining equipment. On September 25, 2024, the Company entered into Amendment No. 2 to the Master Hosting Agreement (“Simple Mining Hosting”) for certain of the Company’s mining machines to be hosted at Simple Mining’s facility in Iowa. The Simple Mining Hosting agreement has a term of two years and can be terminated by the Company with 30 days advance notice. On September 25, 2024, the Company entered into Amendment No. 3 to the Master Hosting Agreement (“Simple Mining XP Hosting”) for certain of the Company’s mining machines to be racked at Simple Mining’s facility in Iowa. The Simple Mining XP Hosting agreement can be terminated by the Company with 30 days advance notice. The Company paid Simple Mining a deposit of $0.6 million representing 30 days of estimated service fees. For the three months ended June 30, 2025 and 2024, the Company incurred aggregate costs under the Simple Mining Hosting and Simple Mining XP Hosting agreements of $1.1 million and $0.5 million, respectively. For the six months ended June 30, 2025 and 2024, the Company incurred costs