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Corporation
INTERNET | Internet Software & Services / Data & Document Management
sphere3d.com

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Portfolio Exits

1

Partners & Customers

10

About Sphere 3D

Sphere 3D Corporation (TSX-V:ANY) (OTCQX:SPIHF) is a Mississauga, Ontario based virtualization technology solution provider whose patent pending Glassware 2.0 technology makes it possible for incompatible devices and applications to run over the cloud, without sacrificing performance or security. Sphere 3D's Glassware 2.0 ultra-thin client allows third parties to deliver fully featured products to any cloud-connected device independent of operating system or hardware.

Sphere 3D Headquarter Location

240 Matheson Blvd East

Mississauga, Ontario, L4Z 1X1,

Canada

416-749-5999

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Latest Sphere 3D News

Gryphon Digital Mining to Present at Ladenburg Thalmann Virtual Technology Expo on November 18, 2021

Nov 17, 2021

11/17/2021 | 07:01am EST Message : *Required fields NEW YORK, Nov. 17, 2021 /PRNewswire/ -- Gryphon Digital Mining, Inc., one of the leading global bitcoin miners that is focused on being among the "greenest" in the digital mining space, announced today that its CEO, Rob Chang, will be presenting virtually at the upcoming Ladenburg Thalmann Virtual Technology Expo on Thursday, November 18, 2021, at 12:30 pm EST. "I am looking forward to presenting and interacting with the attendees who will be a part of the virtual technology expo," said Rob Chang, CEO of Gryphon Digital Mining. "I am honored to have another great opportunity to share the rapid growth story of Gryphon and to elaborate on what we believe is our industry-leading carbon negative ESG strategy. "  To learn more about Gryphon, please visit   https://gryphondigitalmining.com/ . Event: Gryphon Digital Mining Presentation at the Ladenburg Thalmann Virtual Technology Expo Date: Thursday, November 18, 2021 Time: 12:30 pm EST Register to watch the presentation here:   conference.ladenburg.com . Attendees can also request 1x1 meetings with Gryphon on the event website. Summary of Ladenburg Thalmann Virtual Technology Expo Conference The one-day Ladenburg Virtual Tech Expo will feature presentations from the management of approximately 50 technology companies from the US and Israel, covering connectivity, cloud and enterprise software, cybersecurity, streaming media, semiconductors, mobility, virtual and augmented reality, blockchain, bitcoin mining, AI, e-commerce, ed-tech, public safety, space-tech and defense. Management teams will be presenting virtually to a select invite-only audience and presenting companies will be hosting virtual one-on-one meetings. About Gryphon Digital Mining Gryphon Digital Mining, Inc. is a Bitcoin mining operation that is currently carbon neutral with a green strategy for a zero carbon footprint. Gryphon's long-term mission is to be the leading crypto miner with a 100 percent net carbon-free energy supply. Gryphon uses reliable, low-cost hydro-electric powered mining with plans to expand to other renewables such as nuclear, wind, and solar power to lower mining's impact on the environment. Gryphon Digital Mining has entered into an Agreement and Plan of Merger with Sphere 3D (Nasdaq: ANY ) through which Gryphon shareholders are expected to become shareholders of Sphere 3D, and the merged company would continue to trade on Nasdaq, subject to shareholder and regulatory approvals. The merger is expected to be completed in Q1/22. No Offer or Solicitation This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of Gryphon's proposed merger with Sphere 3D or an offer to sell, the solicitation of an offer to sell or an offer to buy or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities to Sphere 3D's shareholders shall be made except by means of a prospectus from Sphere 3D meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful. Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities laws relating to, without limitation, expectations, intentions, plans and beliefs, including information as to the future events, results of operations and the Company's future performance (both operational and financial) and business prospects. In certain cases, forward-looking statements can be identified by the use of words such as "expects", "estimates", "forecasts", "intends", "anticipates", "believes", "plans", "seeks", "projects" or variations of such words and phrases, or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Such forward-looking statements reflect the Company's beliefs, estimates and opinions regarding its future growth, results of operations, future performance (both operational and financial), and business prospects and opportunities at the time such statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or circumstances should change. Forward-looking statements are necessarily based upon a number of estimates and assumptions made by the Company that are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Forward-looking statements are not guarantees of future performance. In particular, this Press Release contains forward-looking statements pertaining, but not limited, to: expectations regarding the price of bitcoin and sensitivity to changes in such prices; industry conditions and outlook pertaining to the bitcoin and cryptocurrency market; expectations respecting future competitive conditions; expectations regarding future government regulation, industry activity levels; expectations about shareholder approval of the Company's pending merger with Sphere 3D, beliefs about future power rates based upon historical rates, and the Company's objectives, strategies and competitive strengths. By their nature, forward-looking statements involve numerous current assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from those anticipated by the Company and described in the forward-looking statements. With respect to the forward-looking statements contained in this Press Release, assumptions have been made regarding, among other things: current and future prices for bitcoin; future global economic and financial conditions; current and future regulatory and legal regimes, demand for bitcoin and the product mix of such demand and levels of activity in the cryptocurrency finance markets and in such other areas in which the Company may operate, and supply and the product mix of such supply; the accuracy and veracity of information and projections sourced from third parties respecting, among other things, current finance markets and proposed changes to those markets, supply and demand; and, where applicable, each of those assumptions set forth in the footnotes provided herein in respect of particular forward-looking statements. A number of factors, risks and uncertainties could cause results to differ materially from those anticipated and described herein including, among others: volatility in market prices and demand for bitcoin; effects of competition and pricing pressures; risks related to interest rate fluctuations and foreign exchange rate fluctuations; changes in general economic, financial, market and business conditions in the industries in which bitcoin are used; alternatives methods to cryptocurrency, failure of the Sphere 3D shareholders to approve the pending merger, increases in power rates  and changing demand for bitcoin; potential conflicts of interests; and actual results differing materially from management estimates and assumptions. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in its forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will materialize or prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements contained in this Press Release are expressly qualified by this cautionary statement. Readers should not place undue reliance on forward-looking statements. These statements speak only as of the date of this Press Release. Except as may be required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements or information whether as a result of new information, future events or otherwise. MEDIA CONTACT:

Sphere 3D Portfolio Exits

1 Portfolio Exit

Sphere 3D has 1 portfolio exit. Their latest portfolio exit was Overland Storage on February 22, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2018

Acquired

$99M

1

Date

2/22/2018

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Sphere 3D Acquisitions

4 Acquisitions

Sphere 3D acquired 4 companies. Their latest acquisition was HVE ConneXions on January 19, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/19/2017

$99M

Acquired

1

1/19/2017

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$99M

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10

5/16/2014

Debt

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$99M

$99M

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10

2/14/2014

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$99M

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10

Date

1/19/2017

1/19/2017

5/16/2014

2/14/2014

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

10

10

Sphere 3D Partners & Customers

10 Partners and customers

Sphere 3D has 10 strategic partners and customers. Sphere 3D recently partnered with Gryphon Digital Mining on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/13/2021

Partner

Gryphon Digital Mining

United States

Sphere 3D and Gryphon Secure Largest Single Hosting Services Deal in Core Scientific’s History

Both Sphere 3D Corp. and Gryphon Digital Mining are committed to the professionalization of the crypto industry and are excited to work with a blue chip partner like Core Scientific .

2

8/20/2021

Vendor

Gryphon Digital Mining

United States

Gryphon and Sphere Announce MSA and Agreement to Purchase Additional Carbon Offset Credits Bringing Total to Half a Million Credits

In addition , Sphere 3D Corp. and Gryphon Digital Mining have entered into a Master Services Agreement that will allow Sphere 3D Corp. to utilize the world class expertise of the Gryphon Digital Mining team for the direct purchases by Sphere 3D Corp. of crypto mining equipment while parties work towards closing their previously announced Agreement and Plan of Merger that will see the two companies merge .

1

5/2/2017

Partner

Datrium

United States

Sphere 3D and Datrium Partner to Accelerate Open Convergence Adoption for the Private Cloud Data Center.

business or the business of its wholly-owned subsidiaries , including , without limitation , Overland Storage and Tandberg Data ; market adoption and performance of our products ; the level of success of our collaborations and business partnerships ; possible actions by customers , partners , suppliers , competitors or regulatory authorities ; and other risks detailed from time to time in .

3

4/27/2017

Client

Gollob Morgan Peddy

United States

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10

7/29/2016

Partner

Tech Data Corporation

United States

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10

Date

10/13/2021

8/20/2021

5/2/2017

4/27/2017

7/29/2016

Type

Partner

Vendor

Partner

Client

Partner

Business Partner

Gryphon Digital Mining

Gryphon Digital Mining

Datrium

Gollob Morgan Peddy

Tech Data Corporation

Country

United States

United States

United States

United States

United States

News Snippet

Sphere 3D and Gryphon Secure Largest Single Hosting Services Deal in Core Scientific’s History

Both Sphere 3D Corp. and Gryphon Digital Mining are committed to the professionalization of the crypto industry and are excited to work with a blue chip partner like Core Scientific .

Gryphon and Sphere Announce MSA and Agreement to Purchase Additional Carbon Offset Credits Bringing Total to Half a Million Credits

In addition , Sphere 3D Corp. and Gryphon Digital Mining have entered into a Master Services Agreement that will allow Sphere 3D Corp. to utilize the world class expertise of the Gryphon Digital Mining team for the direct purchases by Sphere 3D Corp. of crypto mining equipment while parties work towards closing their previously announced Agreement and Plan of Merger that will see the two companies merge .

Sphere 3D and Datrium Partner to Accelerate Open Convergence Adoption for the Private Cloud Data Center.

business or the business of its wholly-owned subsidiaries , including , without limitation , Overland Storage and Tandberg Data ; market adoption and performance of our products ; the level of success of our collaborations and business partnerships ; possible actions by customers , partners , suppliers , competitors or regulatory authorities ; and other risks detailed from time to time in .

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Sources

2

1

3

10

10

Sphere 3D Team

1 Team Member

Sphere 3D has 1 team member, including former Senior Vice President, Rajiv Muradia.

Name

Work History

Title

Status

Rajiv Muradia

Senior Vice President

Former

Name

Rajiv Muradia

Work History

Title

Senior Vice President

Status

Former

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