Sphere 3D Q2 revenue $2.5M, net loss $13.8M; completes Cathedra combo

Sphere 3D Corp.

Revenue $2.5M, up 28% from Q1 2026; net loss $13.8M; cash $2.8M, BTC $1.2M as of June 30.
Completed Cathedra Bitcoin combination June 1, 2026; ~53 MW operating capacity, >100 MW potential expansion.
Entered co-mining agreements with Bitdeer covering 30 MW across three sites (TN/KY); first site installed, rest by Nov 2026.
Proposed rebrand to DarkHorse Technologies, ticker DRK subject to shareholder approval; engaged EA Advisors for AI/HPC conversion.
Planning at Hopkinsville: 15 MW conversion and 50 MW new data center; proposed 65 MW substation.

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