Sphere 3D Corp.
-9.27 %
-30.22 %
Yet to be announced
Company Overview
Sphere 3D Corp. is a technology company that provides data management and desktop and application virtualization solutions. The company has recently expanded into cryptocurrency mining operations, particularly Bitcoin mining. They operate data centers and deploy mining equipment to generate digital assets.
Revenue Sources
PassBased on the company's financial statements and business operations, their primary revenue streams come from cryptocurrency mining operations and technology solutions. These activities involve real asset exchange and value creation through the provision of actual products and services. Neither of these activities are categorically haram.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $2.82m | $8.01m | - | - | 0.00% | 0.00% |
| Dec. 31, 2024 | $2.64m | $8.21m | - | - | 0.00% | 0.00% |
| Sept. 30, 2024 | $2.35m | $7.51m | - | - | 0.00% | 0.00% |
| June 30, 2024 | $4.67m | $10.38m | - | - | 0.00% | 0.00% |
Looking at the last four quarters of financial data, the company shows zero interest income and zero interest expense across all periods. This indicates that interest-bearing activities are not material to the company's operations.
Operational Ethics
PassAfter reviewing available company documents, press releases, and operational locations, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
Comments