DarkHorse Technologies Inc.DRK
What DarkHorse Technologies Inc. does.
Sphere 3D was incorporated under the Business Corporations Act (Ontario) on May 2, 2007 as T.B. Mining Ventures Inc. On March 24, 2015, we completed a short-form amalgamation with a wholly-owned subsidiary. In connection with the short-form amalgamation, we changed our name to “Sphere 3D Corp.” Any reference to the “Company”, “Sphere 3D”, “we”, “our”, “us”, or similar terms refers to Sphere 3D Corp. and its subsidiaries. In January 2022, we commenced operations of our Bitcoin mining business and are dedicated to becoming a leader in the blockchain and cryptocurrency industry. We have established and continue to grow an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. In December 2023, we sold our service and product segment which focused on containerization and virtualization technologies along with data management products that enabled workload-optimized solutions. We plan to continue to focus on growing our Bitcoin mining operation.
On February 9, 2026, we filed an Articles of Amendment to effect a share consolidation (also known as a reverse stock split) of our issued and outstanding common shares in the ratio of 1-for-10. The share consolidation was effective on February 9, 2026. Our common shares began trading on an adjusted basis on the Nasdaq Capital Market at the opening of trading on February 10, 2026. All share and per share amounts have been restated for all periods presented to reflect the share consolidation.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $3.7M | $6.1M | $21.9M | $16.6M | $11.2M |
| Net income | -$5.8M | -$17.3M | -$192.8M | -$23.4M | -$9.5M | -$21.5M |
| Free cash flow | -$2.6M | -$130.8M | -$48.4M | -$8.1M | -$13.5M | -$23.6M |
More on DRK.
- DarkHorse Technologies Inc. summary
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- DarkHorse Technologies Inc. health scores and style box
- DarkHorse Technologies Inc. earnings
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- DarkHorse Technologies Inc. valuation
- DarkHorse Technologies Inc. ownership and insiders
- DarkHorse Technologies Inc. peers
Figures from DarkHorse Technologies Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.