Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
Sphere 3D Corp(ANY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ANY
09/25/2026: ANY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Sphere 3D Corp is a technology firm that has pivoted its primary business from legacy enterprise storage to industrial-scale Bitcoin mining. Its strengths include a dual-segment business model and the agility to scale infrastructure in the crypto sector. The investment story centers on the company’s ability to grow its hash rate and capitalize on potential appreciation in Bitcoin prices. However, risks are significant, including extreme price volatility, intense competition from larger mining operators, and the regulatory uncertainty inherent in crypto mining. The stock may best suit growth-oriented investors with high risk tolerance; stakeholders should monitor Bitcoin price trends and production efficiency metrics.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Investors seeking exposure to the crypto mining industry may find interest, though the company is a smaller player compared to industry leaders. |
| Momentum investor | Strong fit while signal remains positive | The stock's high volatility often attracts momentum traders during periods of Bitcoin price rallies. |
| Value investor | Weak fit | Valuation is often tied to volatile asset prices rather than traditional earnings multiples. |
| Dividend investor | Weak fit | The company does not pay dividends and retains capital for growth. |
| Low-risk investor | Weak fit | The business model entails high sensitivity to Bitcoin prices and operational risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The company's stock is highly correlated with Bitcoin price swings. |
| Valuation risk | High | Valuations fluctuate rapidly based on market sentiment toward crypto assets. |
| Competition risk (Crypto Mining) | High | Large competitors with economies of scale can drive down margins. |
| Business quality | Medium | The firm operates in a capital-intensive industry requiring constant tech refreshes. |
| Dividend income | Low / none | No income stream is provided to shareholders. |
| Execution risk | Medium / high | Managing the shift between legacy software and mining requires operational precision. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 62.9% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 30.54M USD | Price to earnings Ratio - | 1Y Target Price 30 |
Price to earnings Ratio - | 1Y Target Price 30 | ||
Volume (30-day avg) 540.1K shares | Beta 3.33 | 52 Weeks Range 1.08 - 12.60 | Updated Date 09/26/2026 |
52 Weeks Range 1.08 - 12.60 | Updated Date 09/26/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -9.21 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Bitcoin Mining | Revenue generated from Bitcoin production using ASIC mining hardware. | The company makes money when the value of the Bitcoin it mines exceeds its electricity and operational costs. |
| Data Services | Legacy revenue from enterprise storage solutions and hardware maintenance. | Provides a smaller, more stable but slower-growing revenue stream compared to mining. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 31.49M | Price to Sales(TTM) 3.14 |
Enterprise Value 31.49M | Price to Sales(TTM) 3.14 | ||
Enterprise Value to Revenue 3.24 | Enterprise Value to EBITDA -0.43 | Shares Outstanding 10.57M | Shares Floating 6.37M |
Shares Outstanding 10.57M | Shares Floating 6.37M | ||
Percent Insiders 26.81 | Percent Institutions 3.33 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Sphere 3D Corp
Exchange NASDAQ | Headquarters Stamford, CT, United States | ||
IPO Launch date 2008-06-24 | CEO & Director Mr. Joel Block | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 2 | Website https://sphere3d.com |
Full time employees 2 | Website https://sphere3d.com | ||
Sphere 3D Corp. engages in the bitcoin mining business. The company is involved with bitcoin mining pool operators as its customers to provide a service to perform hash calculations for the mining pool operators. The company is based in Stamford, Connecticut.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.