Sphere 3D Corp.

Sphere 3D Corp. operates a Bitcoin mining business, which commenced operations in January 2022. The company aims to be a leader in the blockchain and cryptocurrency industry by establishing and expanding an enterprise-scale mining operation. This is achieved through acquiring mining equipment and collaborating with experienced service providers. In December 2023, Sphere 3D Corp. sold its service and product segment, which previously focused on containerization and virtualization technologies and data management products for workload-optimized solutions. The company plans to continue concentrating on growing its Bitcoin mining operation. On February 9, 2026, the company effected a 1-for-10 share consolidation of its common shares, which began trading on an adjusted basis on the Nasdaq Capital Market on February 10, 2026. On March 5, 2026, Sphere 3D Corp. and Cathedra Bitcoin Inc. entered into an agreement to combine the two companies in an all-stock transaction. This combination is intended to create a high-density computing power infrastructure company focused on high-performance compute, digital assets, energy optimization, and the development of power and infrastructure.