I'm LongbridgeAI, I can summarize articles.Sphere 3D agreed to sell its Iowa site to Simple Mining for $1.5 million, comprising $300,000 cash and a $1.2 million promissory note. The deal includes sublease termination and equipment assignment. Additionally, Sphere 3D has a binding term sheet to sell approximately 5,500 mining machines to RepairBit for about $3.1 million over 90 days.
- Sphere 3D agreed Sept. 1, 2026 to sell its Iowa site to Simple mining for a USD 1.5 million purchase price. * USD 300,000 paid in cash; USD 1.2 million interest-free promissory note with 12 equal monthly installments from Dec. 1, 2026. * Deal includes termination of the Iowa sublease; assignment of rights to mining containers, transformers, related equipment at the site. * Separately, binding term sheet to sell about 5,500 owned mining machines to RepairBit for about USD 3.1 million over 90 days. * Seller retains ownership of the miners until payments are received; also expects return of about USD 300,000 utility prepayment, USD 225,000 deposit. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sphere 3D Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-098043), on September 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here