Sphere 3D (ANY)
Operates Bitcoin-mining and power-dense data-center hosting infrastructure.
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Operates Bitcoin-mining machines and powered data-center hosting, earning mining rewards and fees from third-party customers. Its Iowa, Kentucky, and Tennessee infrastructure is being evaluated selectively for AI/HPC conversion, which remains developmental rather than an established revenue stream.
Operates proprietary Bitcoin-mining machines and sells power-dense data-center hosting, providing rack space, power, and related infrastructure to third-party mining customers. Its current site portfolio spans Iowa, Kentucky, and Tennessee; mining rewards and hosting contracts generate the established revenue streams.
Evaluates selected power-ready sites for artificial-intelligence and high-performance-computing workloads. That work includes technical reviews, customer and operator selection, financing, permitting, and government engagement, rather than an established AI/HPC revenue stream.
Competes for mining rewards, electricity, efficient hardware, and industrial infrastructure. Mining depends on Bitcoin pricing, network difficulty, and global hash power; hosting and site conversion depend on power, facilities, customers, capital, permits, and counterparties.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.8M · Total debt $1.3M · Total assets $24.9M · Shareholders' equity $14.2M
- Revenue
- $2.5M
- Operating income
- −$13.8M
- Net income
- −$13.8M
No dividends on record.
| Institutions14 holders · as of Mar 31, 2026 | 1.52% | 131.9K shares | |
| Insiders11 holders · as of Jul 20, 2026 | 32.06% | 2.79M shares | |
| Otherremainder | 66.42% | 5.78M shares |
8.70M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (8.70M in the company's Sep 3, 2026 report, 4.24M elsewhere); stakes use the report.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Joel M. BlockInsiderdirector, officer: Chief Executive Officer | 9.91% | 862,810 | Form 4filed Jun 10, 2026 ↗ |
Thomas MasieroInsider | 5.90% | 513,741 | 13Gfiled Jul 8, 2026 ↗ |
Jialin QuInsider | 5.47% | 476,490 | 13Gfiled Jul 20, 2026 ↗ |
Kurt L. KalbfleischInsiderdirector, officer: Chief Financial Officer | 4.89% | 425,815 | Form 4filed Jun 10, 2026 ↗ |
Sue HarnettInsiderdirector | 1.23% | 106,675 | Form 4filed Jun 2, 2026 ↗ |
| See all 25 → | |||
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 13, 2026 | Kurt L. Kalbfleisch | officer: CEO and CFO | −9,800 | $1.59 |
| Mar 12, 2026 | Tiah Norton Reppas | officer: Chief Accounting Officer | −6,250 | $1.61 |
| Dec 9, 2025 | Kurt L. Kalbfleisch | officer: Chief Executive Officer | −90,000 | $0.4658 |
- Core Scientific
Broad rival in Bitcoin mining, hosting and AI/HPC colocation.
- Bitdeer
Integrated rival in mining, hosting, colocation and AI cloud.
- Riot Platforms
Large-scale Bitcoin miner and data-center developer with Kentucky overlap.
- Applied Digital
Data-center host moving from blockchain infrastructure into AI/HPC.
- MARA
Large-scale rival for Bitcoin rewards, energy and powered infrastructure.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sphere 3D | $2.14 | −2.95% | $9.3M | — | — | 1.0 | −18.8% |
| Core Scientific | $16.71 | −0.57% | $5.40B | — | 317.8 | 12.3 | +108.8% |
| Bitdeer | $10.71 | −0.37% | $2.51B | — | — | 3.1 | +47.1% |
| Riot Platforms | $18.56 | −0.38% | $7.05B | — | — | 10.4 | +13.9% |
| Applied Digital | $24.82 | −0.34% | $7.17B | — | — | 12.4 | +580.7% |
| MARA | $10.44 | −0.24% | $3.99B | — | — | 5.0 | −26.7% |
| Median | — | 317.8 | 10.4 | +47.1% |