Sphere 3D Corp. (ANY)

[abullman]

ANY - Thanks everyone for good informations. Looks very nice on a Friday - save over 3 - Foll Buy/Sells nos 373/202 k. well not much but good enaugh on a friday. What about next Q? To 4 or 5 ?

[declaes]

Let's break $3 for a starter...
GO ANY

[janeyH]

i am with you homes, making coin

[Th_EO]

With its ambitious scaling plans, Sphere 3D intended to become one of the biggest bitcoin mining companies available to the general public.

[declaes]

Rally to $1 now! It's coming imo

[Dlask]

Does anyone know if Jordan Spring is still involved in this deal?

I believe he’s tied in with Mark Valentine. The same Mark Valentine who had his home shot up and his wife’s car blown up.

???
https://globalnews.ca/news/3630575/forest-hill-toronto-police-investigation/

[Surfacetite]

Nasdaq extension until July.

[Sesh]

Looking very strong today!

[TheFinalCD]

.50 close CRYPTO is rallying, and heading in right direction

[makinezmoney]

$ANY: and there she goes..... now $0.44

Any surprises ????

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170908264

I don 't think soooooooooooooooo


GO $ANY

[declaes]

1month tonget over $1

[declaes]

Need to break $1 for 10 days...

Finger crossed

[makinezmoney]

$ANY: She boosting here at 0.34


Look at her go...... ready to boost back on up higher


GO $ANY

[TheFinalCD]

https://finviz.com/quote.ashx?t=ANY&ty=c&ta=1&p=d

[Tamtam]

Bout time

[StockLogistics]

“Bitcoin block rewards decrease over time. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block. As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive – assuming demand for bitcoin remains high.“

https://www.coindesk.com/price/bitcoin/

[StockLogistics]

“Bitcoin block rewards decrease over time. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block. As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive – assuming demand for bitcoin remains high.“

https://www.coindesk.com/price/bitcoin/

[DavidPro__1]

Sphere 3D Corp. Restructures Miner Equipment Contract with BitFuFu

[StockLogistics]

Charts look good finances improving

[StockLogistics]

Good news imo “8:32a ET 10/20/2022 - Benzinga
Sphere 3D Corp. Restructures Miner Equipment Contract With BitFuFu

New Contract Applies Prepaid Deposits to Secure Immediate Shipment of 1.7 EH/s of Capacity

Eliminates Purchase Obligations for Miners at Above Current Market Rates

Grows Sphere 3D Mining Fleet Dramatically in 2022

Toronto, Ontario--(Newsfile Corp. - October 20, 2022) - Sphere 3D Corp. (NASDAQ:ANY) ("Sphere 3D" or the "Company"), dedicated to becoming the leading carbon-neutral Bitcoin mining company, has restructured its purchase agreement for 6.0 exahashes/second of capacity or approximately 60,000 S19j Pros, with Fufu Technologies, "BitFuFu".

The restructured contract initially entered into with BitFuFu in September 2021 will apply all deposits paid by Sphere 3D ($106.9 million paid to date) to BitFuFu toward the delivery of approximately 1.7 EH/s of S19j Pros to Sphere 3D during 2022. The restructuring also relieves Sphere 3D from obligations of the old contract requiring the Company to purchase an additional 3.9 EH/s of capacity, approximately 39,000 miners, at rates significantly above current market prices for S19j Pros. The restructuring also eliminates substantial penalties due to BitFuFu from Sphere 3D.

CEO Comments

"The restructuring of this Purchase Agreement with BitFuFu is a win for Sphere 3D. The new contract helps position the company for profitable growth as the cryptocurrency markets strengthen in the future.

"The contract with BitFuFu was signed in late 2021 at the height of the Bitcoin market as a fixed price contract with no allowances for market price adjustments. The price of S19j Pros has since decreased by over 70%. In light of the sharp reduction in the market price of miners, the drop in the price of Bitcoin, and the recent pending advancements in miner technology, it was critical to extricate the Company from this contract.

"The combination of applying 100% of the deposits paid BitFuFu, avoiding significant penalties, and accelerating the shipment of miners has dramatically grown the Company's exahash, preserved the Company's balance sheet, and provided us with significant flexibility and optionality for growth in 2023 and beyond," said Patricia Trompeter, Sphere 3D CEO.

"The right-sizing of the contract provides the Company with an expected additional 1.7 EH/s of capacity in 2022. With the current volatility in the market, and Bitcoin stabilizing in the short term at a lower rate, we believed it prudent to scale back our financial obligation to BitFuFu and push the option of adding EH/s into 2023, as many of our industry colleagues have done," continued Trompeter. "This empowers us with flexibility to explore the latest miner technology, eliminates the need to put expensive debt on our balance sheet, and prevents us from being forced to overpay for miners. It has been a long, but fruitful negotiation. I believe the fourth quarter will be transformational for Sphere 3D."

Sphere 3D entered into a contract with Fufu Technologies in 2021. The Purchase Agreement was for 6.0 EH/s of Bitmain Antminer S19J & Pro Series. Miners started shipping in December 2021 and have been repeatedly delayed due to BitFuFu operational issues. The miners due Sphere 3D in the restructured contract are expected to arrive at the end of November 2022 with anticipated installation in December 2022.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”

[declaes]

Not looking good indeed

[Tamtam]

I do not believe sp will reach $1

[declaes]

Sorry 2 months

[declaes]

Indeed. 1month passed already. 100% at least from here imo

[Tamtam]

That’s half a year

[jessicam12]

Is anyone interested in
converged network adapter

[declaes]

They have 180 days. That $1 will come for sure.

[Tamtam]

Since Sphere 3D received a notice from NASDAQ nothing much happened to push sp to higher levels

[Jaym12]

I will check his. Can you please also give feedback on this.

intel xeon 10 core processor

[declaes]

No too bad imo. Gltu

[Tamtam]

Down already after your message. Something’s moving, that’s for sure.
Buy if big names comes in

[declaes]

$any Ah runner

[Tamtam]

An annual base salary of $320,000 isn’t bad at all

[PutYourBigBoyPantsOn]

Women set to send $BTC to over 250K https://cointelegraph.com/news/tim-draper-women-will-drive-the-next-bitcoin-bull-market

[PutYourBigBoyPantsOn]

$ANY Sphere3D with 1000 miners. 2000 more arriving in the month of June 2022.

https://sphere3d.gcs-web.com/news-releases/news-release-details/sphere-3d-corp-provides-bitcoin-production-and-mining-updates

[PutYourBigBoyPantsOn]

$ANY Sphere3D currently holding 37.05 BTC Coins ~

https://sphere3d.gcs-web.com/news-releases/news-release-details/sphere-3d-corp-provides-bitcoin-production-and-mining-updates

[PutYourBigBoyPantsOn]

$ANY Sphere3D produced 12.57 Bitcoin in Month of May

https://sphere3d.gcs-web.com/news-releases/news-release-details/sphere-3d-corp-provides-bitcoin-production-and-mining-updates

[PutYourBigBoyPantsOn]

Sphere3D to release operational & financial updates monthly basis

Per Ceo: Patricia Trompeter

Starting today, Sphere 3D will be releasing operational and financial updates on a monthly basis (in addition to our quarterly earnings reports).

Catch the latest updates on #Bitcoin production, mining deliveries and more in today's release. https://t.co/9tm8tvjf5A

— Patricia Trompeter (@PatriciaTrompe2) June 2, 2022

[PutYourBigBoyPantsOn]

Bitcoin Target Price $100K $ANY $10+++ $$$

[PutYourBigBoyPantsOn]

$ANY introduces Tim Hanley to the Sphere 3D Board of Directors

https://www.businesswire.com/news/home/20220531005987/en/

Sphere 3D Names Veteran Finance Executive Timothy Hanley to its Board of Directors
TORONTO--(BUSINESS WIRE)--May 31, 2022-- Sphere 3D Corp. (Nasdaq: ANY) (Sphere 3D), dedicated to becoming the leading carbon-neutral bitcoin mining company operating at an industrial scale, has announced that Timothy P. Hanley, a veteran financial executive with extensive experience advising companies on strategy creation and execution, navigating digital transformation, and market development, has been appointed to Sphere 3D's Board of Directors as an independent director and as the Chair of the Board’s Audit Committee.

[Tamtam]

Specialized Disclosure Report (sd)
https://ih.advfn.com/stock-market/NASDAQ/sphere-3d-ANY/stock-news/88256117/specialized-disclosure-report-sd

[StockLogistics]

Mining the gap at .34 cents before crypto turns around later in the year

[Tamtam]

Sphere 3D Corporation (ANY)
1.45 ? 0.08 (5.84%)
Volume: 1,364,811

[Tamtam]

Back to one year lows?

[November61]

The market answered your question!

SCAM!

[Reeves]

What’s the message board sentiment on the change of events. I feel like Peter stepping down is a good thing as well.

[Tamtam]

Sphere 3D Corporatio (ANY)
2.22 ? 0.12 (5.71%)
Volume: 4,413,912 @04/01/22 7:58:54 PM EDT
Bid Ask Day's Range
2.21 2.22 2.01 - 2.28

[Tamtam]

Think it’s a sign of another run

[Reeves]

Why the move this afternoon?

[Tamtam]

Sphere 3D receives non-compliance notice from Nasdaq, well, well, well