Kurt Kalbfleisch Named Chief Executive Officer of Sphere 3D Following Interim Leadership Period

Rhea-AI Summary

Sphere 3D (NASDAQ: ANY) announced that the Board has appointed Kurt Kalbfleisch as Chief Executive Officer, effective immediately on November 6, 2025. Kurt served as Interim CEO since the end of January and previously held the role of CFO.

During his interim tenure he focused on maintaining business continuity, strengthening operations, and disciplined execution while the company prepared for its next phase of growth and evaluated strategic alternatives.

Positive

• Board appointed Kurt Kalbfleisch as CEO effective November 6, 2025
• Interim CEO since the end of January, providing operational continuity
• Prior experience as CFO within the company

Negative

• Company is evaluating strategic alternatives, which may create near-term uncertainty

Proven Leader to Drive Operational Discipline and Pursue Strategic Growth Opportunities

Stamford, Connecticut--(Newsfile Corp. - November 6, 2025) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that its Board of Directors has appointed Kurt Kalbfleisch as Chief Executive Officer, effective immediately. Kurt has served as Interim CEO since the end of January, providing steady leadership and operational discipline.

During his tenure as Interim CEO, Kurt focused on maintaining business continuity, strengthening operations, and ensuring disciplined execution across the organization. These efforts have helped the Company remain on solid footing while preparing for its next phase of growth, as well as strategic alternatives.

"Over the past several months, Kurt has demonstrated thoughtful leadership, sound judgment, and a deep understanding of our business," said Duncan McEwan, Chairman of the Board. "The Board's decision to appoint Kurt as CEO reflects our confidence in his ability to lead the Company forward, and evaluate opportunities that align with our long-term vision."

"Having been with the Company for several years, including serving as CFO, I've had the opportunity to see the business and the broader industry evolve," said Kurt Kalbfleisch, "While market conditions have shifted over this time, our focus has remained the same; maintain financial and operational discipline, while carefully evaluating opportunities that support long-term growth. Over the past several months, we've concentrated on execution, focusing on the foundation to allow the Company to be well positioned for the next phase of organic development and the pursuit of strategic growth initiatives."

About Sphere 3D

Sphere 3D Corp. (NASDAQ: ANY) is a Bitcoin miner, growing its digital asset mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with data center operators. Sphere 3D is dedicated to increasing shareholder value. For more information about Sphere 3D, please visit Sphere3D.com.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, including the timing of the proposed transaction and other information related to the proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions. Expectations and beliefs regarding matters discussed herein may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in filings with the SEC, including Sphere 3D's reports filed on Form 10-K, Form 10-Q and Form 8-K and in other filings made by Sphere 3D with the SEC from time to time and available at www.sec.gov. These forward-looking statements are based on current expectations, which are subject to change.

Sphere 3D Contacts
Investor.relations@sphere3d.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273372

FAQ

Who is the new CEO of Sphere 3D (NASDAQ: ANY) and when did the appointment take effect?

Kurt Kalbfleisch was appointed CEO, effective November 6, 2025.

How long did Kurt Kalbfleisch serve as Interim CEO before his November 6, 2025 appointment at ANY?

He served as Interim CEO since the end of January prior to the November 6, 2025 appointment.

What roles did Kurt Kalbfleisch hold at Sphere 3D (ANY) before becoming CEO?

He previously served as CFO and then as Interim CEO.

What operational priorities did Kurt focus on during his interim tenure at Sphere 3D (ANY)?

He focused on business continuity, strengthening operations, and disciplined execution.

Does the November 6, 2025 CEO appointment at Sphere 3D (ANY) indicate any strategic changes?

The company said it is preparing for growth and evaluating strategic alternatives, indicating potential strategic actions ahead.