Company: ANY
Filing Date: 2025-11-21
Form Type: S-3
Source: 0001062993-25-016980
Chunk: 14

Company: Sphere 3D Corp.
Filing Date: 2025-11-21
Form: S-3
Chunk 14
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4, we entered into Amendment No. 2 to the Master Hosting Agreement ("Simple Mining Hosting") for certain of our 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 us with 30 days advance notice. On September 25, 2024, we entered into Amendment No. 3 to the Master Hosting Agreement ("Simple Mining XP Hosting") for certain of our mining machines to be racked at Simple Mining's facility in Iowa. The Simple Mining XP Hosting agreement can be terminated by us with 30 days advance notice. In October 2025, notice was given to terminate both hosting agreements with Simple Mining effective November 2025.

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In October 2023, we entered into a Hosting Agreement with Joshi Petroleum, LLC (the "Joshi Hosting Agreement") for rack space, network services, electrical connections, routine facility maintenance, and technical support of certain of our mining equipment. The Joshi Hosting Agreement has an initial term of three years with subsequent one year renewal periods until either party provides written notice to the other party of its desire to avoid and given renewal term at least 30 days in advance of the conclusion of the prior initial term or renewal period. As required by the Joshi Hosting Agreement, we paid a deposit of $0.3 million representing the last two months of estimated service fees.

In April 2023, we entered into a Master Hosting Services Agreement with Rebel Mining Company, LLC (the "Rebel Hosting Agreement") for rack space, network services, electrical connections, routine facility maintenance, and technical support of certain of our mining equipment. The Rebel Hosting Agreement had a term of three years with subsequent one year renewal periods. On January 16, 2025, we terminated the Rebel Hosting Agreement and agreed to a settlement amount of $2.4 million payable to us in satisfaction of all obligations of the Rebel Hosting Agreement and it constitutes a final settlement of all amounts owed by either party of the Rebel Hosting Agreement.

Management Agreement

In March 2025, we entered into a management services agreement with Simple Mining to manage our 8 MW site in Iowa for a term of 12 months, renewable for subsequent one-year terms.

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Recent Key Events

●On October 16, 2025, we entered into a warrant inducement agreement with an existing institutional investor of the Company for the immediate exercise of the November 2024