Las Vegas, November 3rd / PRNewswire / -- Hyperscale Data, Inc. (New York Stock Exchange American segment code: GPUS) is an artificial intelligence ( AI ) data center company. The company announced today that as of November 1, 2026, it held 211.4639 bitcoins, which, at the closing price of $78,248 per bitcoin, have a total value of approximately $16.5 million. In addition, the company also holds about $34.1 million in cash and restricted cash.
The company stated that it will continue to focus on prudent capital allocation, manage financial resources, and advance the construction of its AI data center in Michigan in order to fulfill its contractual commitments.
Hyperscale Data Executive Chairman Milton " Todd " Ault III stated: " Hyperscale Data has made significant progress in powering on the first batch of 10 megawatts of critical IT capacity at the AI data center in Michigan, with the goal of power-up set for December 2026. This is an important step in fulfilling our recently announced main service agreement. Our focus remains on execution, responsible capital management, and creating long-term value for shareholders."
For more information regarding Hyperscale Data and its subsidiaries, the company recommends that shareholders, investors, and other relevant parties read the public documents and press releases published under the Investor Relations section on Hyperscale Data. The website address is hyperscaledata.com, or you may visit www.sec.gov.
Regarding Hyperscale Data, Inc.
Through its wholly-owned subsidiaries Sentinum, Inc, and Hyperscale Data, it owns and operates a data center that provides hosting and server hosting services for the emerging AI ecosystem as well as other industries. Another wholly-owned subsidiary of the company, Ault Capital Group and Inc ("ACG"), is a hybrid private equity firm and operating company that acquires, finances, builds, and actively manages businesses in the fields of financial services, digital assets, industrial services, hospitality, defense technology, and others.
Hyperscale Data Currently, it is anticipated that the divestiture of ACG ("Divestiture") will occur in 2027. Upon completion of the divestiture, the company will become the owner and operator of data centers that support high-performance computing services, while also holding digital assets as well as its third wholly-owned subsidiaries, Omnipresent Robotics and LLC. Until the divestiture is completed, the company will continue to provide mission-critical products that support various industries through ACG and its wholly-owned and majority-owned subsidiaries, as well as strategic investments. These include the AI software platform, equipment leasing services, defense/aerospace, industrial, automotive, and hospitality businesses. In addition, ACG is actively engaged in private lending and structured financing activities through its licensed lending subsidiaries Ault Lending and LLC. Hyperscale Data is headquartered at 190 Room 11411, Southern Highlands Parkway, Las Vegas, Nevada, with the postal code 89141.
On December 23, 2024, the company issued 1 million newly designated Series F exchangeable preferred stocks (“Series F Preferred Stock”) to all common stockholders and holders of Series C preferred stocks calculated on a converted basis. The spin-off will be completed by voluntarily exchanging Series F preferred stocks for Class A common stocks and Class B common stocks of ACG (collectively referred to as “ACG Shares”). The company reminds shareholders that only those holders of Series F preferred stocks who agree to surrender their relevant shares in this exchange offer and have not properly withdrawn their surrender rights will be entitled to receive ACG Shares upon the occurrence of the spin-off, and thereby become shareholders of ACG.
Forward-looking Statements
This press release contains “forward-looking statements” as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended). Such forward-looking statements typically include predictive statements regarding future events or conditions and employ words such as “believes,” “plans,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “strategy,” “future,” “opportunity,” “possible,” “will,” “should,” “may,” “potential,” and similar phrases. Statements that are not historical facts are considered forward-looking statements. Forward-looking statements are based on current beliefs and assumptions and involve risks and uncertainties.
Forward-looking statements are only valid as of the date they are made, and the company assumes no obligation to publicly update any such statements due to new information or future events. Due to various factors, actual results may differ significantly from those contained in any forward-looking statements. Additional information that may affect the company's business and financial results, including potential risk factors, is contained in the documents submitted by the company to the U.S. Securities and Exchange Commission, including but not limited to the company's 10-K, 10-Q, and 8-K filings. All documents can be found at www.sec.gov and on the company's website at hyperscaledata.com.
