Sphere 3D Board Proposes Name Change To DarkHorse Technologies; Reserves Ticker Symbol DRK With Nasdaq

New Name Reflects Strategic Approach: Building Modular AI Infrastructure at Sites the Conventional Pipeline Overlooks Stamford, Connecticut--(Newsfile Corp. - June 30, 2026) - Sphere 3D Corp. (NASDAQ: ANY ) ("Sphere 3D" or the "Company") today announced that its Board of Directors has unanimously approved, and is submitting to shareholders for their approval, a proposed change of the Company's name to DarkHorse Technologies Inc.

In connection with the proposed name change, the Company has reserved the ticker symbol "DRK" with Nasdaq for use upon shareholder approval and effectiveness of the name change.

The proposed name change reflects the Company's strategic approach to building AI and high-performance compute infrastructure for the American economy: identifying and contracting energized power capacity at sites overlooked by the conventional hyperscale pipeline, using modular construction to bring capacity online in under a year rather than the three to five years required by traditional builds, and operating at a footprint and resource profile designed to be welcomed by host communities.