Sphere 3D Q2 FY26 operating loss widens to USD 13.82 million; revenue rises 28% to USD 2.5 million vs Q1 FY26
I'm LongbridgeAI, I can summarize articles.Sphere 3D reported Q2 FY26 revenue of USD 2.5 million, a 28% increase from Q1, while the net loss widened to USD 13.82 million due to transaction expenses and impairment charges related to the Cathedra combination. Cash reserves dropped to USD 2.8 million, and Bitcoin holdings fell to USD 1.2 million. The company completed the Cathedra deal in June, adding 53 MW of capacity with over 100 MW expansion potential, and signed 30 MW co-mining agreements with Bitdeer.
- 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: 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 Newsfile (Ref. ID: 202608140800NEWSFILECNPR____20260814_309597_1) on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)