Sphere 3D Corp.
Key Metrics
Market Snapshot
About
Sphere 3D Corp. provides data management and storage virtualization solutions alongside cryptocurrency mining operations. Headquartered in Stamford, Connecticut, the company operates through two primary business segments: digital mining and legacy enterprise solutions. The enterprise division offers storage and virtualization technologies, including the SnapServer and SnapSync product lines for network-attached storage and data protection. In recent years, Sphere 3D has pivoted significantly toward digital asset mining, particularly Bitcoin. The company entered the cryptocurrency mining sector through its 2021 partnership with Gryphon Digital Mining and subsequent acquisitions of mining equipment. As of 2023, Sphere 3D operates mining facilities in the United States with significant hash rate capacity, positioning itself within the publicly traded Bitcoin mining industry. The company has deployed thousands of miners and continues to expand its mining infrastructure through equipment purchases and hosting agreements. This strategic shift represents a substantial transformation from its original focus on enterprise storage solutions. Sphere 3D's dual business model combines legacy technology operations with its growing emphasis on digital asset production, though Bitcoin mining now constitutes the primary operational focus. The company trades on the NASDAQ under the ticker symbol ANY and maintains operations across North America while continuing to evaluate opportunities in both business segments.