Mergers & Acquisitions ·
Sphere 3D completes Cathedra Bitcoin acquisition, appoints Joel Block as CEO with $1.6M retention bonus
ANYDarkHorse Technologies Inc.
Sphere 3D Corp. completed the acquisition of Cathedra Bitcoin Inc. on June 1, 2026, issuing 2,405,300 common shares and 1,387,117 Series I Preferred Shares. Joel Block was appointed CEO with a $425,000 base salary and a $1.6 million retention bonus, while Kurt Kalbfleisch remains CFO with a $330,000 base salary and a $1,095,000 retention bonus. The company also created Series I Preferred Stock with an 8% annual PIK dividend for 36 months.