Microcap Ledger DarkHorse Technologies Inc. $DRK
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Finance Services
- Headquarters
- Wilmington, DE
- Fiscal year end
- December 31
- Shares outstanding
- 8,704,816 [10-Q 2026-08-14]
What the company doesAI summary of filing
Sphere 3D Corp. is a Bitcoin mining company that commenced operations in January 2022. The company generates revenue by operating application-specific integrated circuit (ASIC) miners to validate transactions on the Bitcoin blockchain in exchange for block rewards and transaction fees. As of December 31, 2025, Sphere 3D owned approximately 12,600 miners with a total hashrate capacity of 0.73 exahash per second, deployed across third-party hosting facilities and a self-owned 8-megawatt facility in Iowa. The company mines Bitcoin, holds Bitcoin as treasury assets, and sells Bitcoin as needed to fund operations and strategic growth; in 2025, it mined 111.6 Bitcoin and held approximately 37.3 Bitcoin. [10-K 2026-03-27]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 6 months to Jun 2026 | $4.37M | −$17.93M | −$9.02M | $2.85M | [10-Q 2026-08-14] |
| FY ended Dec 2025 | $11.18M | −$21.48M | −$16.12M | $3.71M | [10-K 2026-03-27] |
| FY ended Dec 2024 | $16.61M | −$9.47M | −$4.58M | $5.42M | [10-K 2026-03-27] |
- Quarterly cash burn
- −$4.51M
- Cash runway Estimate
- ~1.9 months
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-11-05 | 21,238,243 | [10-Q 2024-11-14] |
| 2025-03-24 | 26,178,282 | [10-K 2025-03-28] |
| 2025-05-05 | 26,457,905 | [10-Q 2025-05-14] |
| 2025-07-31 | 28,320,832 | [10-Q 2025-08-05] |
| 2025-10-28 | 33,729,165 | [10-Q 2025-11-04] |
| 2026-03-23 | 3,767,086 | [10-K 2026-03-27] |
| 2026-05-08 | 4,243,822 | [10-Q 2026-05-15] |
| 2026-08-11 | 8,704,816 | [10-Q 2026-08-14] |
- Shelf registration
- S-3 filed 2026-10-09; no effectiveness notice found in EDGAR [S-3 2026-10-09]
Listing status
Current status: 4 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-02-27. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.
| Date | Event | Details | Deadline | Filing |
|---|---|---|---|---|
| 2026-02-27 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-02-27] |
| 2025-03-07 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2025-03-07] |
| 2024-11-18 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2024-11-18] |
| 2024-10-11 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2024-10-11] |
Who owns it
| Date | Insider | Type | Shares | Price | Filing |
|---|---|---|---|---|---|
| 2026-09-21 | Reppas Tiah Norton | exercise | 6,250 | — | [4 2026-09-23] |
| 2026-09-21 | Reppas Tiah Norton | other | 1,941 | $2.98 | [4 2026-09-23] |
| 2026-09-08 | Hanley Timothy P. | grant | 33,333 | $3.00 | [4 2026-09-10] |
| 2026-09-08 | Gates Nicholas Ray | grant | 133,333 | $3.00 | [4 2026-09-10] |
| 2026-09-08 | Block Joel M | grant | 166,666 | $3.00 | [4 2026-09-10] |
| 2026-09-02 | Kalbfleisch Kurt L. | exercise | 17,188 | — | [4 2026-09-04] |
| 2026-06-08 | Reppas Tiah Norton | grant | 30,000 | — | [4 2026-06-10] |
| 2026-06-08 | Kalbfleisch Kurt L. | grant | 250,000 | — | [4 2026-06-10] |
| 2026-06-08 | Hanley Timothy P. | grant | 50,000 | — | [4 2026-06-10] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-10-09 | S-3 | Registration statement |
| 2026-10-06 | 13D | Beneficial ownership report (5%+ holder) |
| 2026-09-17 | 8-K | Charter, bylaws or fiscal year change; Regulation FD disclosure; Other events |
| 2026-09-14 | 8-K | Regulation FD disclosure |
| 2026-09-11 | 8-K | Material agreement entered; Unregistered sale of equity; Regulation FD disclosure |
| 2026-09-08 | 8-K | Material agreement entered |
| 2026-08-26 | 13D/A | Beneficial ownership report (5%+ holder) |
| 2026-08-24 | 8-K | Shareholder vote results; Regulation FD disclosure; Other events |
| 2026-08-14 | 10-Q | Quarterly report |
| 2026-08-14 | 8-K | Results of operations; Regulation FD disclosure |
| 2026-08-10 | 8-K | Material agreement entered; Change to security holder rights; Regulation FD disclosure |
| 2026-07-31 | 8-K | Material agreement entered; Other events |
Alerts for $DRK
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Facts as of . Small caps move fast; check the latest filings.