Security
DarkHorse Technologies Inc. Common Shares · DRK
DRKNASDAQCommon stockCurrentCIK 1591956Updated Oct 22, 2026
DRK price & chart
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NASDAQ:DRK on TradingView ↗About the company
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 cha…
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Recent filings
EFFECT filing
424B3 filing
S-3 filing
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure · Other Events
Items 5.03, 7.01, 8.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 31,115,000Source | 44,255,000Source | 24,867,000Source | 34,418,000Source | 44,026,000Source | 21,739,000Source | 34,275,000Source | 41,950,000Source | 25,120,000Source | 43,228,000Source | 45,663,000Source | 83,016,000Source |
| Property, Plant and Equipment, NetUSD | 18,898,000Source | 23,391,000Source | 10,706,000Source | 19,644,000Source | 19,535,000Source | 13,552,000Source | 20,990,000Source | 22,717,000Source | 14,608,000Source | 21,967,000Source | 24,166,000Source | 34,259,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,981,000Source | 3,467,000Source | 754,000Source | 2,353,000Source | 3,838,000Source | 1,238,000Source | 2,724,000Source | 4,210,000Source | 1,610,000Source | 3,095,000Source | 4,581,000Source | 9,477,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 5,277,000Source | 4,950,000Source | 2,846,000Source | 4,703,000Source | 4,263,000Source | 3,145,000Source | 2,787,000Source | 2,050,000Source | 3,707,000Source | 5,425,000Source | 586,000Source | 1,337,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 346,000Source | — | — | — | — | — | — | — | 0Source | 174,000Source |
| Assets, CurrentUSD | 9,923,000Source | 14,501,000Source | 6,120,000Source | 11,317,000Source | 17,273,000Source | 6,724,000Source | 9,717,000Source | 11,418,000Source | 8,677,000Source | 17,787,000Source | 13,510,000Source | 10,284,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 1,451,000Source | — | — | — | — | — | — | — | 0Source | 418,000Source |
| Other Assets, NoncurrentUSD | 313,000Source | 2,896,000Source | 2,554,000Source | 1,104,000Source | 3,380,000Source | 225,000Source | 844,000Source | 3,605,000Source | 225,000Source | 379,000Source | 3,406,000Source | 18,699,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | — | — | 7,974,000Source | — | — | — | — | — | — | — | 5,346,000Source | 11,984,000Source |
| Stockholders’ equity: | ||||||||||||
| Retained Earnings (Accumulated Deficit)USD | -468,187,000Source | -449,600,000Source | -496,238,000Source | -463,939,000Source | -449,704,000Source | -482,409,000Source | -465,606,000Source | -451,828,000Source | -478,303,000Source | -456,821,000Source | -447,371,000Source | -419,732,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,809,000Source | -1,814,000Source | -1,809,000Source | -1,807,000Source | -1,814,000Source | -1,811,000Source | -1,824,000Source | -1,811,000Source | -1,811,000Source | -1,821,000Source | -1,808,000Source | -1,799,000Source |
| Stockholders' Equity Attributable to ParentUSD | 29,517,000Source | 35,848,000Source | 16,875,000Source | 32,708,000Source | 33,435,000Source | 19,995,000Source | 30,706,000Source | 27,476,000Source | 23,300,000Source | 39,315,000Source | 26,523,000Source | 34,871,000Source |
| Liabilities and EquityUSD | 31,115,000Source | 44,255,000Source | 24,867,000Source | 34,418,000Source | 44,026,000Source | 21,739,000Source | 34,275,000Source | 41,950,000Source | 25,120,000Source | 43,228,000Source | 45,663,000Source | 83,016,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,580,000Source | 3,549,000Source | 5,916,000Source | 1,692,000Source | 3,935,000Source | 1,726,000Source | 3,551,000Source | 5,007,000Source | 1,802,000Source | 3,895,000Source | 5,346,000Source | 6,200,000Source |
| Accounts Payable, CurrentUSD | 162,000Source | 612,000Source | 2,146,000Source | 339,000Source | 926,000Source | 197,000Source | 1,709,000Source | 2,013,000Source | 427,000Source | 1,167,000Source | 2,374,000Source | 2,993,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 310,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | 0Source | -306,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 907,000Source | 1,778,000Source | 1,231,000Source | 963,000Source | 1,600,000Source | 693,000Source | 1,541,000Source | 1,127,000Source | 544,000Source | 1,299,000Source | 1,179,000Source | 1,537,000Source |
| Deferred Revenue, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 160,000Source |
| Deferred Revenue, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 56,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Goodwill | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Operating Lease, Liability, Current | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Operating Lease, Liability, Noncurrent | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Deferred Income Tax Liabilities, Net | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Short-term Investments | — | — | — | — | — | — | — | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | -9,470,000Source | -23,330,000Source | -192,912,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 1,724,000Source | 1,737,000Source | 1,319,000Source | 1,667,000Source | 1,145,000Source | 1,606,000Source | 6,878,000Source | 7,113,000Source | 6,190,000Source | 28,263,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 325,000Source | 71,000Source | 832,000Source | 2,838,000Source | 2,430,000Source | 8,459,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | — | — | 0Source | -94,000Source | -7,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -3,718,000Source | -4,078,000Source | -16,118,000Source | -4,576,000Source | -6,582,000Source | -30,771,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 2,788,000Source | 1,332,000Source | 9,992,000Source | 4,028,000Source | 2,561,000Source | -22,041,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 0Source | 1,025,000Source | 7,499,000Source | 8,944,000Source | 1,561,000Source | 17,631,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 368,000Source | 108,000Source | 4,408,000Source | 5,387,000Source | 3,064,000Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -562,000Source | -2,638,000Source | -1,718,000Source | 4,839,000Source | -957,000Source | -52,812,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 5,277,000Source | 4,950,000Source | 2,846,000Source | 4,703,000Source | 3,145,000Source | 2,787,000Source | 3,707,000Source | 5,425,000Source | 586,000Source | 1,543,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 323,000Source | 0Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 212,000Source | 511,000Source | 897,000Source | 318,000Source | 325,000Source | 71,000Source | 832,000Source | 2,838,000Source | 2,430,000Source | 8,459,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | — | — | 976,000Source | 0Source |
| Amortization of Intangible AssetsUSD | — | — | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 1,500,000Source | 1,500,000Source | 1,900,000Source | 26,600,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | 5,355,000Source | 4,063,000Source | — | — |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | — | — | — | — | — | — | 0Source | 6,140,000Source | — |
| DepreciationUSD | — | — | 1,400,000Source | 1,400,000Source | 900,000Source | 1,300,000Source | 800,000Source | 1,200,000Source | 5,400,000Source | 5,600,000Source | 4,200,000Source | 1,700,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | — | — | — | — | — | — | 0Source | 663,000Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | — | — | — | 46,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | — | 19,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | 0Source | 1,131,000Source | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | 438,000Source | 8,980,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -793,000Source | 0Source | 0Source | -51,000Source | -241,000Source | -808,000Source | -1,652,000Source | -3,545,000Source | -960,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | 0Source | -63,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 1,785,000Source | 3,032,000Source | 4,831,000Source | 2,126,000Source | 2,451,000Source | 3,169,000Source | 8,266,000Source | 12,445,000Source | 15,825,000Source | 24,134,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source | 588,000Source | 0Source | — | — | — | 0Source | 2,952,000Source | 13,182,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | -4,106,000Source | -8,785,000Source | -21,482,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 0Source | 72,000Source | 2,000Source | 2,000Source | 1,000Source | 0Source | 2,000Source | 150,000Source | 13,000Source | 166,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | -4,106,000Source | -8,785,000Source | -21,482,000Source | — | — | -192,801,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 76,000Source | -111,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | — | — | — | -9,470,000Source | -23,406,000Source | -192,801,000Source |
| Operating ExpensesUSD | — | — | — | 7,508,000Source | — | — | — | — | — | 38,019,000Source | 51,905,000Source | 163,749,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | 22,000Source | — | — | — | — | — | — | 14,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 7,000Source | 2,892,000Source | -5,000Source | -13,000Source | 25,000Source | 53,000Source | — | — | 1,062,000Source | 2,600,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | 81,000Source | 3,111,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 419,000Source | 108,000Source | 733,000Source | 5,495,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 0Source | 556,000Source | 0Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | —Source | — | — | — | — | — | — |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 2,623,000Source | 2,355,000Source | 2,452,000Source | 3,018,000Source | 1,916,000Source | 2,817,000Source | 11,181,000Source | 16,608,000Source | 21,906,000Source | 6,077,000Source |
| Cost of RevenueUSD | — | — | 1,957,000Source | 2,731,000Source | 2,287,000Source | 2,301,000Source | 1,603,000Source | 2,194,000Source | 8,554,000Source | — | — | — |
| Operating Income (Loss)USD | — | — | -4,035,000Source | -5,153,000Source | -13,822,000Source | -2,627,000Source | -4,130,000Source | -5,188,000Source | -21,999,000Source | -21,411,000Source | -29,999,000Source | -157,672,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 7,000Source | 2,892,000Source | -5,000Source | -13,000Source | 25,000Source | 53,000Source | — | — | 1,062,000Source | 2,600,000Source |
| Income Tax Expense (Benefit)USD | — | — | 0Source | 72,000Source | 2,000Source | 2,000Source | 1,000Source | 0Source | 2,000Source | 150,000Source | 13,000Source | 166,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 76,000Source | -111,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | -4,106,000Source | -8,785,000Source | -21,482,000Source | — | — | -192,801,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.15Source | 0.01Source | -2.68Source | 0.6Source | -1.18Source | -3.23Source | -7.37Source | -0.48Source | -1.93Source | -2.91Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.15Source | 0.01Source | -2.68Source | 0.6Source | — | -0.32Source | -7.37Source | -0.48Source | -1.93Source | -2.91Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 28,511,990Source | 20,733,022Source | 5,166,486Source | 2,774,780Source | 3,480,663Source | 2,721,044Source | 2,914,607Source | 19,801,626Source | 12,129,302Source | 66,294,407Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 28,511,990Source | 22,323,306Source | 5,166,486Source | 2,777,080Source | — | 27,204,351Source | 2,914,607Source | 19,801,626Source | 12,129,302Source | 66,294,407Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 400,000Source | 1,500,000Source | 1,500,000Source | 1,900,000Source | 26,600,000Source |
| Costs and ExpensesUSD | — | — | 6,658,000Source | 7,508,000Source | 16,274,000Source | 5,645,000Source | 6,046,000Source | 8,005,000Source | 33,180,000Source | — | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | 5,355,000Source | 4,063,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | — | — | — | 46,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | 438,000Source | 8,980,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 1,785,000Source | 3,032,000Source | 4,831,000Source | 2,126,000Source | 2,451,000Source | 3,169,000Source | 8,266,000Source | 12,445,000Source | 15,825,000Source | 24,134,000Source |
| Gross ProfitUSD | — | — | — | — | — | — | — | — | — | — | 5,962,000Source | — |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | -4,248,000Source | 176,000Source | -13,827,000Source | 1,669,000Source | -4,105,000Source | -8,785,000Source | -21,480,000Source | -9,320,000Source | -23,317,000Source | -192,746,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | -4,106,000Source | -8,785,000Source | -21,482,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -20,094,000Source | -9,320,000Source | -22,962,000Source | -190,248,000Source |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | — | 0Source | 1,183,000Source | 0Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -4,248,000Source | 104,000Source | -13,829,000Source | 1,667,000Source | — | — | — | -9,470,000Source | -23,406,000Source | -192,801,000Source |
| Operating ExpensesUSD | — | — | — | 7,508,000Source | — | — | — | — | — | 38,019,000Source | 51,905,000Source | 163,749,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | 22,000Source | — | — | — | — | — | — | 14,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | 81,000Source | 3,111,000Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Research and Development ExpenseUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 1,026,000Source | 605,000Source |
| Selling and Marketing ExpenseUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 948,000Source | 1,009,000Source |
| Interest Expense | — | — | — | —Source | — | — | — | — | — | — | — | — |
Offerings
Registration 333-299389
Filing attachments
ea030570301ex99-1.htm · 8-K · 2026-09-17
EX-99.1 4 ea030570301ex99-1.htm PRESS RELEASE DATED SEPTEMBER 16, 2026 Exhibit 99.1 Sphere 3D Completes Rebrand as DarkHorse Technologies Inc., Marking Next Phase of Power-First AI Infrastructure Strategy Stamford, Connecticut, September 16, 2026 - DarkHorse Technologies Inc. (Nasdaq: ANY), formerly Sphere 3D Corp. (the “Company”), today announced that its corporate name change has become effective, marking the next phase of the Company’s strategic repositioning toward AI and digital infra…
Read attachment ↗ea030536701ex99-1.htm · 8-K · 2026-09-14
EX-99.1 2 ea030536701ex99-1.htm INVESTOR PRESENTATION, DATED SEPTEMBER 14, 2026 Exhibit 99.1 INVESTOR PRESENTATION AI infrastructure in the places others overlook. SEPTEMBER 2026 BLACKJACK 30 MW total (planned) ROCKWOOD 10 MW total BRICKYARD 15 MW total TRUCKSTOP 50 MW total (planned) ILLUSTRATIVE SITE CONCEPTS / TOTAL SITE POWER 01 Disclaimer No Offer or Solicitation. This presentation has been prepared by Sphere 3D Corp., doing business as DarkHorse Technologies (the "Company"), for info…
Read attachment ↗ea030512901ex99-1.htm · 8-K · 2026-09-11
EX-99.1 5 ea030512901ex99-1.htm PRESS RELEASE DATED SEPTEMBER 8, 2026 Exhibit 99.1 Sphere 3D Corp. Concludes 90-Day Strategic Review, Announces Pricing of $5.0 Million Private Placement, and Divests Non-Core Assets to Fund AI and High-Performance Computing Development Three Directors, Including the Board Chairman and Chief Executive Officer, are participating in the Private Placement; Sale of Non-Core Iowa Site and Legacy Mining Fleet to Fund AI and High-Performance Computing Development i…
Read attachment ↗