• Sphere 3D shareholders backed proposals tied to its business combination with Cathedra Bitcoin, including issuing Sphere 3D common shares to Cathedra shareholders.
• The deal is expected to close on June 1, 2026, subject to remaining customary closing conditions.
• At closing, the combined company is set to operate more than 50 megawatts of energized power infrastructure across the Tennessee Valley Authority region in Tennessee and Kentucky, alongside an operating site in Iowa.
• The combined company is expected to have no outstanding debt and an unencumbered asset base.
• Management is evaluating whether to retrofit containerized, power-ready sites to support AI and high-performance computing, with no decisions made.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sphere 3D Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605210800ACCESSWRNAPR_____1168885) on May 21, 2026, and is solely responsible for the information contained therein.