Company: ANY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001591956-25-000014
Chunk: 24

Company: Sphere 3D Corp.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
, except share and per share amounts):Three MonthsEnded September 30,Nine MonthsEnded September 30,2025202420252024Numerator:Net income (loss) available to common shareholders$(4,248)$104 $(11,366)$(2,249)Denominator:Weighted average common shares outstanding for basic income (loss) per share28,511,990 20,733,022 27,810,554 18,681,399 Net effect of dilutive common share equivalents— 1,590,284 — — Weighted average common shares outstanding for diluted net income (loss) per share28,511,990 22,323,306 27,810,554 18,681,399 Net income (loss) per share:Basic$(0.15)$0.01 $(0.41)$(0.12)Diluted$(0.15)$0.005 $(0.41)$(0.12)Anti-dilutive common share equivalents excluded from the computation of diluted net income (loss) per share were as follows:Three MonthsEnded September 30,Nine MonthsEnded September 30, 2025202420252024Common share purchase warrants8,876,969 5,100,780 8,876,969 5,100,780 Options and RSUs outstanding2,424,010 1,518,165 2,424,010 1,518,165 Preferred shares23,000 — 23,000 1,590,284 

20

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