Sphere 3D Names Veteran Finance Executive Timothy Hanley to its Board of Directors

TORONTO, May perhaps 31, 2022–(Enterprise WIRE)–Sphere 3D Corp. (Nasdaq: ANY) (Sphere 3D), devoted to turning out to be the main carbon-neutral bitcoin mining organization functioning at an industrial scale, has introduced that Timothy P. Hanley, a veteran economic govt with considerable expertise advising businesses on technique generation and execution, navigating digital transformation, and sector improvement, has been appointed to Sphere 3D’s Board of Directors as an independent director and as the Chair of the Board’s Audit Committee.

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As a Competent Money Pro with important working experience in the board home and with audit committees, Mr. Hanley (65) provides appreciably to the money and technology abilities of Sphere 3D’s Board of Administrators. He was most just lately a Senior Spouse with Deloitte LLP (“Deloitte”), where by he served as the lead client support companion and advisory companion for Deloitte’s world clients. In his management part, he was responsible for oversight of the International Buyer and Industrial Goods exercise, such as method implementation and increasing the exercise to above $14 billion in once-a-year profits.

“On behalf of the Board of Administrators, I am happy to be adding Tim’s economic insights and perspectives as we execute our technique to be a leader in the cryptocurrency and blockchain industries,” said Duncan McEwan, Chairman of Sphere 3D. “We continue to be dedicated to optimizing the management, fiscal framework, and functions of our Company as we develop our mining fleet to an industrial scale with a check out to capitalize on the great opportunity of the Bitcoin mining marketplace. We consider Tim’s addition and the previously introduced management and board improvements will support expedite the implementation of our system.”

“It is a terrific honor to join the board of directors of Sphere 3D as it executes its technique to become a carbon-neutral leader in the cryptocurrency field,” reported Mr. Hanley, freshly appointed unbiased board member of Sphere 3D. “Though world geopolitical and economical issues are complicated every fiscal market, the long term of Bitcoin and blockchain presents sizeable upside. I am hunting ahead to helping Sphere 3D seize a share of that upside for our shareholders.”

The addition of Mr. Hanley brings Sphere 3D’s Board to 4 directors, three of whom are independent. In April 2022, the Business introduced that it would develop its Board to five users. A research is ongoing for an additional board member.

About Timothy P. Hanley

Timothy Hanley is a seasoned worldwide executive with comprehensive expertise consulting with producers relating to electronic transformation, organizational tactic development and execution, acquisitions, and industry growth. Mr. Hanley is a Experienced Financial Professional and has significant practical experience in the board area and working with audit committees.

Mr. Hanley was most just lately a Senior Partner with Deloitte LLP (“Deloitte”), in which he led the firm’s Worldwide Consumer and Industrial Products and solutions follow and assisted improve the practice to much more than $14 billion in annual earnings. In his leadership purpose, he acted as a direct consumer provider spouse and an advisory spouse for several of the firm’s most important world clients. During his 17 several years at Deloitte, Mr. Hanley served in lots of customer-provider and sector management roles. Before his most latest purpose as the World wide Client and Industrial Products and solutions Field Leader, Tim’s leadership roles provided serving as the U.S. Vice Chairman and Approach and Industrial Products Leader.

Mr. Hanley began his job at Arthur Andersen in 1978 and served as an audit associate on numerous of the premier makers in Wisconsin. He served as a board member of the National Association of Companies from 2008 to 2017 and frequently advises privately held companies in the customer goods, retail, and distribution industries. Mr. Hanley at this time serves as the Performing Keyes Dean for the School of Small business at Marquette College.

About Sphere 3D

Sphere 3D Corp. (Nasdaq: ANY) is a net carbon-neutral cryptocurrency miner with decades of confirmed organization details-services abilities. The Firm is quickly growing its industrial-scale mining operation by way of the capital-efficient procurement of subsequent-technology mining devices and partnering with best-in-class knowledge heart operators. Sphere 3D has ~6. EH/s of capability underneath contract for deliveries this 12 months. Now, the Business operates a fleet of ~1,000 miners and expects delivery of an supplemental 59,000 miners by calendar year-finish 2022 for a overall hashing potential of 6. exahash. Sphere 3D is dedicated to expanding shareholder value although honoring its commitment to stringent environmental, social, and governance benchmarks. For much more details about the Company, you should pay a visit to Sphere3D.com.

Ahead-Searching Statements

This communication contains forward-seeking statements inside the that means of Part 27A of the Securities Act, and Part 21E of the Securities Exchange Act of 1934, as amended. Ahead-wanting statements usually relate to foreseeable future gatherings, such as the timing of the proposed transaction and other information linked to the proposed transaction. In some instances, you can determine forward-hunting statements mainly because they consist of words and phrases this sort of as “may possibly,” “will,” “really should,” “expects,” “options,” “anticipates,” “could,” “intends,” “goal,” “tasks,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “keep on” or the adverse of these words and phrases or other very similar conditions or expressions. Anticipations and beliefs about issues reviewed herein may well not materialize, and genuine effects in long term periods are subject to threats and uncertainties that could bring about true success to vary materially from those people projected. The forward-seeking statements contained in this interaction are also issue to other threats and uncertainties, which includes these much more absolutely explained in filings with the SEC, together with Sphere 3D’s stories submitted on Form 20-F and Form 6-K and in other filings designed by Sphere 3D with the SEC from time to time and readily available at www.sec.gov. These ahead-searching statements are based mostly on present expectations, which are subject matter to improve.

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Sphere 3D

NMN Advisors
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Kurt Kalbfleisch
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