Common Shares
- Symbol
- ANY
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Historical · closed Sep 16, 2026
Current Report · Items 1.01 · 8-K
DarkHorse Technologies Inc.
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Sale of Iowa Site On September 1, 2026, Sphere 3D Corp. (the “Company”) entered into a definitive agreement (the “Iowa Agreement”) with Simple mining, LLC (“Buyer”) to sell the Company’s Iowa site (“Iowa Site”) for a purchase price of $1.5 million (the “Purchase Price”).…
Company context
Sphere 3D Corp. (NASDAQ: ANY), doing business as DarkHorse Technologies, is a digital infrastructure company focused on operating and expanding scalable power and data center assets for high-performance computing, AI workloads and digital asset infrastructure. Following its business combination with Cathedra Bitcoin and the sale of its Iowa site, the Company owns and/or operates approximately 50 MW of operating power capacity across four data center locations in Tennessee and Kentucky, and has a proposed new 50 MW data center in Hopkinsville, Kentucky, together with a development pipeline exceeding 100 MW of additional potential expansion opportunities. The Company combines infrastructure ownership, energy optimization expertise and capital markets access to pursue long-term value creation across next-generation compute infrastructure. The Company’s shareholders have approved the change of the Company’s name to DarkHorse Technologies Inc., which will become effective upon the Company’s continuance from Ontario to British Columbia, and the Company has reserved the Nasdaq ticker “DRK,” with the name and ticker changes subject to Nasdaq procedures and other conditions. Until those changes are effective, the Company’s common shares will continue to trade on Nasdaq under the ticker symbol “ANY.” For more information, visit www.sphere3d.com/investors.
Current securities
Historical securities (1)
Registered securities in this filing
SPHERE 3D CORP · 8-K · Filed 2026-09-08
Common Shares Purchase Rights
- Symbol
- N/A
- Exchange
- NASDAQ
- Classification
- RIGHT
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Sale of Iowa Site
On September 1, 2026, Sphere
3D Corp. (the “Company”) entered into a definitive agreement (the “Iowa Agreement”) with Simple
mining, LLC (“Buyer”) to sell the Company’s Iowa site (“Iowa Site”) for a purchase price of $1.5
million (the “Purchase Price”). Pursuant to the Iowa Agreement, the Company has terminated its sublease agreement with
the Buyer with respect to the Iowa Site and assigned all its rights to the mining containers, transformers and related equipment at the
Iowa Site to Buyer. The Company received $300,000 in cash from Buyer. With respect to the remaining portion of the Purchase Price, the
Company has entered into an interest free promissory note with the Buyer for $1.2 million, payable in equal monthly installments over
a 12-month period commencing on December 1, 2026 and continuing through November 1, 2027. In addition, pursuant to the Iowa Agreement,
the Company is entitled to the return of its utility prepayment of approximately $300,000 and its security deposit of approximately $225,000.
Sale of All Company-Owned Mining Machines
In addition, on September
1, 2026, the Company also entered into a binding term sheet (the “Mining Machine Agreement”) with RepairBit, LLC to
sell approximately 5,500 proprietary mining machines, which constitutes all of the Company’s existing legacy fleet of owned mining
machines, for aggregate proceeds of approximately $3.1 million. The mining machines are to be sold and delivered over a 90-day period
which began on September 1, 2026. The Company retains ownership of the miners until payments for such miners are received.
The foregoing descriptions
of the Iowa Agreement and Mining Machine Agreement do not purport to be complete and are qualified in their entirety by reference to the
full text of the Iowa Agreement and Mining Machine Agreement, copies of which will be filed as an exhibit to the Company’s next
Quarterly Report on Form 10-Q.