Sphere 3D Q2 FY26 operating loss widens to USD 13.82 million; revenue rises 28% to USD 2.5 million vs Q1 FY26
Reuters2026/08/14 12:02- Sphere 3D posted Q2 revenue of USD 2.5 million, up 28% from Q1.
- Net loss widened to USD 13.8 million, reflecting transaction-related expenses and impairment charges tied to the Cathedra combination.
- Cash fell to USD 2.8 million at June 30; bitcoin holdings declined to USD 1.2 million.
- Completed the Cathedra deal on June 1, creating about 53 MW of operating capacity with more than 100 MW of expansion potential.
- Signed 30 MW co-mining agreements with Bitdeer across three sites; first site installed, remaining two slated to be installed before November 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
