DarkHorse Technologies Inc Rebrands and Readies for Nasdaq Trading

DarkHorse Technologies Inc, formerly Sphere 3D Corp, has completed its rebranding and is now trading under its new name and ticker symbol. The company announced that its shares will begin trading on the Nasdaq under the new name and ticker symbol "DRK" on September 17, 2026. Until then, the shares will continue to trade under "ANY."

The rebranding marks a significant shift in the company's strategic direction, focusing on the development of smaller, power-ready sites in Tennessee and Kentucky. DarkHorse Technologies aims to leverage its existing infrastructure and utility relationships to compete in the AI and high-performance computing space.

Joel Block, the CEO of DarkHorse Technologies, stated, "DarkHorse is more than a new name; it signifies a clear line between the legacy perception of Sphere 3D and the infrastructure platform we are building. We are concentrating capital and management attention on smaller, power-ready sites with established utility relationships that sit outside the conventional hyperscale pipeline."

The company's strategic review, announced on September 8, 2026, led to the divestment of its Iowa site and legacy mining fleet. This move aligns with the company's focus on smaller, more efficient data center developments. DarkHorse Technologies currently owns and operates approximately 50 MW of operating power capacity across four data center locations in Tennessee and Kentucky, with a proposed new 50 MW data center under development in Kentucky. The company also has a development pipeline of approximately 100 MW of additional potential expansion opportunities.

The rebranding follows a comprehensive strategic review that has positioned the company to compete effectively in the emerging AI infrastructure market. DarkHorse Technologies combines infrastructure ownership, energy optimization expertise, and capital markets access to pursue long-term value creation across next-generation compute infrastructure.

The company's common shares are expected to begin trading on Nasdaq under the new name and ticker symbol "DRK" on September 17, 2026. Shareholders are not required to take any action, and existing share certificates remain valid. The company's CUSIP number has been reassigned to 236918108, replacing the previous CUSIP number, 84841L506.

DarkHorse Technologies Inc continues to focus on its development plans and pipeline, aiming to leverage its existing footprint and utility relationships to compete in the AI and high-performance computing space. The company's strategic focus on smaller, power-ready sites with established utility relationships positions it to capitalize on the growing demand for efficient and flexible data center solutions.