Sphere 3D Corp. Provides Bitcoin Production and Mining Updates for June 2022 - Seite 3

Corporate Update

On June 20, 2022, the Company finalized an employment agreement with Kurt Kalbfleisch to continue his employment as Chief Financial Officer of Sphere 3D. The one-year agreement was effective as of June 20, 2022. The contract will be automatically extended for an additional one-year period unless terminated by either party not less then 90 days prior to the renewal date.

On May 23, 2022, Patricia Trompeter, Sphere 3D's CEO, participated in Maxim Group LLC's conference on Digital Assets: Exploring The Metaverse And Crypto Assets. Ms. Trompeter was featured on the Cryptocurrency Mining panel, where she shared her insights on the current cryptocurrency markets, mining in a turbulent, inflationary market, and the availability and pricing of cryptocurrency miners. She also shared her insights on Bitcoin mining in a bear market on The Crypto Conversation podcast on the website Brave New Coin.

Ms. Trompeter will be featured on the Women Powering Mining panel at Mining Disrupt, the world's largest Bitcoin mining expo being held July 26-29, 2022. She will be joining several other women leaders in the mining industry as part of "an all-woman unscripted discussion panel on woman powering and leading innovation in the Bitcoin mining space."

CEO Final Reflection on her First Eight weeks

“During my time at GE Capital, I had the privilege of being on the Audit Staff. It was a management training ground that focused on audit, process improvement, and turnarounds in various GE businesses. We practically lived on the road, spending four months at each business learning its inner workings, figuring out the issues holding it back, making recommendations for enhancing its value, and then assisting the management team in implementing the recommendations.

“The next quarter, it was off to a different business, different country/state/city working 12-15 hour days. It was the greatest job ever, especially working on the companies GE had just acquired, where our job was to take them apart, clean them up, leverage synergies and put them back together to position them for growth.

“It is with that same passion, energy, and drive that I am approaching Sphere 3D. That is, determining what steps we take to position the Company to be lean and agile, so we can easily navigate the macroeconomic forces while positioning the organization for rapid growth when the factors improve. I am laser-focused on this challenge and on creating value for my fellow shareholders. I will share more about our efforts in the coming months. I am super excited about the challenge and the future of Sphere 3D. Thank you for joining me on this journey.”