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

TORONTO, May well 31, 2022–(Organization WIRE)–Sphere 3D Corp. (Nasdaq: ANY) (Sphere 3D), focused to getting the major carbon-neutral bitcoin mining corporation working at an industrial scale, has announced that Timothy P. Hanley, a veteran money govt with intensive expertise advising organizations on system creation and execution, navigating electronic transformation, and current market development, has been appointed to Sphere 3D’s Board of Directors as an unbiased director and as the Chair of the Board’s Audit Committee.

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As a Certified Economical Qualified with substantial encounter in the board home and with audit committees, Mr. Hanley (65) provides appreciably to the financial and technologies skills of Sphere 3D’s Board of Administrators. He was most just lately a Senior Partner with Deloitte LLP (“Deloitte”), in which he served as the guide shopper assistance spouse and advisory husband or wife for Deloitte’s worldwide clientele. In his management purpose, he was responsible for oversight of the International Client and Industrial Products apply, together with approach implementation and rising the exercise to over $14 billion in annual revenue.

“On behalf of the Board of Directors, I am happy to be adding Tim’s financial insights and perspectives as we execute our system to be a leader in the cryptocurrency and blockchain industries,” said Duncan McEwan, Chairman of Sphere 3D. “We keep on being dedicated to optimizing the leadership, money construction, and operations of our Organization as we increase our mining fleet to an industrial scale with a see to capitalize on the monumental probable of the Bitcoin mining marketplace. We imagine Tim’s addition and the earlier announced administration and board improvements will aid expedite the implementation of our strategy.”

“It is a excellent honor to be part of the board of administrators of Sphere 3D as it executes its technique to come to be a carbon-neutral leader in the cryptocurrency business,” explained Mr. Hanley, freshly appointed impartial board member of Sphere 3D. “While worldwide geopolitical and money troubles are challenging just about every monetary market, the long term of Bitcoin and blockchain delivers important upside. I am searching ahead to aiding Sphere 3D capture a share of that upside for our shareholders.”

The addition of Mr. Hanley provides Sphere 3D’s Board to four directors, 3 of whom are unbiased. In April 2022, the Organization announced that it would extend its Board to 5 users. A lookup is ongoing for an added board member.

About Timothy P. Hanley

Timothy Hanley is a seasoned world executive with considerable knowledge consulting with brands concerning digital transformation, organizational system improvement and execution, acquisitions, and marketplace development. Mr. Hanley is a Experienced Monetary Skilled and has sizeable expertise in the board room and functioning with audit committees.

Mr. Hanley was most just lately a Senior Associate with Deloitte LLP (“Deloitte”), exactly where he led the firm’s Worldwide Shopper and Industrial Goods observe and aided grow the exercise to more than $14 billion in once-a-year income. In his management job, he acted as a guide shopper support spouse and an advisory associate for various of the firm’s most substantial international clientele. Through his 17 a long time at Deloitte, Mr. Hanley served in quite a few client-support and business management roles. Before his most latest part as the Worldwide Shopper and Industrial Merchandise Field Chief, Tim’s leadership roles incorporated serving as the U.S. Vice Chairman and Method and Industrial Solutions Leader.

Mr. Hanley commenced his vocation at Arthur Andersen in 1978 and served as an audit companion on many of the premier brands in Wisconsin. He served as a board member of the National Affiliation of Brands from 2008 to 2017 and routinely advises privately held firms in the client solutions, retail, and distribution industries. Mr. Hanley presently serves as the Performing Keyes Dean for the College of Company at Marquette College.

About Sphere 3D

Sphere 3D Corp. (Nasdaq: ANY) is a net carbon-neutral cryptocurrency miner with decades of proven organization details-companies abilities. The Company is rapidly increasing its industrial-scale mining operation via the funds-efficient procurement of up coming-technology mining products and partnering with very best-in-class knowledge middle operators. Sphere 3D has ~6. EH/s of capacity below deal for deliveries this 12 months. At present, the Organization operates a fleet of ~1,000 miners and expects shipping and delivery of an additional 59,000 miners by year-stop 2022 for a total hashing capacity of 6. exahash. Sphere 3D is committed to rising shareholder price though honoring its dedication to demanding environmental, social, and governance criteria. For much more information about the Enterprise, remember to stop by Sphere3D.com.

Forward-Wanting Statements

This conversation includes ahead-on the lookout statements in the which means of Section 27A of the Securities Act, and Portion 21E of the Securities Exchange Act of 1934, as amended. Ahead-wanting statements typically relate to future events, such as the timing of the proposed transaction and other info linked to the proposed transaction. In some conditions, you can establish forward-on the lookout statements mainly because they incorporate phrases these as “may perhaps,” “will,” “should,” “expects,” “strategies,” “anticipates,” “could,” “intends,” “focus on,” “jobs,” “contemplates,” “believes,” “estimates,” “predicts,” “likely” or “continue on” or the unfavorable of these terms or other related terms or expressions. Anticipations and beliefs relating to matters discussed herein may not materialize, and actual outcomes in future periods are subject matter to challenges and uncertainties that could trigger real effects to differ materially from individuals projected. The forward-wanting statements contained in this conversation are also subject to other hazards and uncertainties, which includes these more thoroughly described in filings with the SEC, including Sphere 3D’s studies submitted on Variety 20-F and Type 6-K and in other filings created by Sphere 3D with the SEC from time to time and out there at www.sec.gov. These forward-hunting statements are dependent on existing anticipations, which are issue to alter.

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Contacts

Sphere 3D

NMN Advisors
[email protected]

Kurt Kalbfleisch
[email protected]