Sphere 3D Corp. (NASDAQ: ANY) announced that its board of directors has unanimously approved a proposed name change to DarkHorse Technologies Inc., subject to shareholder approval.

The company has reserved the ticker symbol "DRK" on Nasdaq, which would replace the current "ANY" ticker if shareholders approve the name change. A special shareholder meeting is scheduled for August 24, 2026, to vote on the proposal.

A proxy statement and related materials are expected to be filed with the U.S. Securities and Exchange Commission and mailed to shareholders of record as of July 8, 2026.

"America's AI infrastructure buildout cannot rely on a single playbook of multi-billion-dollar campus projects with five-year construction cycles," said Joel Block, chief executive officer of Sphere 3D. "DarkHorse reflects how we are positioning ourselves to build intelligence factories faster, in more places, with less community friction, and at the pace the moment requires."

According to a press release, the proposed name reflects the company's focus on building AI and high-performance compute infrastructure using modular construction at sites the company says are overlooked by larger competitors. The company claims this approach can bring capacity online in under a year, compared to three to five years for traditional builds.

Sphere 3D currently operates approximately 53 MW of power capacity across multiple U.S. data center locations, with a development pipeline exceeding 100 MW of potential expansion opportunities.