Las Vegas, November 10th / PRNewswire / -- Hyperscale Data, Inc. (New York Stock Exchange US market code: GPUS) is an artificial intelligence ( AI ) data center company. The company announced today that as of November 8, 2026, it has sold all of its remaining Bitcoin reserves at a price of approximately $76,000 per Bitcoin.
The company sold approximately 211.56 bitcoins, generating a total revenue of around 16 million US dollars. Since the first sale of some of its bitcoin reserves in late July 2026, the company has sold a total of about 1,113 bitcoins, earning roughly 74.4 million US dollars. Hyperscale Data indicates that the proceeds will be used to repay debts and to fund the ongoing development of its data center in Michigan AI.
"Our top priority is to power up the first 10 megawatts of critical IT capacity at our Michigan data center in December," said Hyperscale Data CEO Will Horne. "We believe that getting this capacity online is the fastest path to achieving profitability for us. Selling our Bitcoin reserves has reduced our exposure to Bitcoin price fluctuations and also provided us with cash to repay debts and advance the Michigan project. We think this is the best use of this capital for all shareholders."
Hyperscale Data continues to mine at its mining facility in Montana. The company stated that any Bitcoin held on its balance sheet in the future is expected to come mainly from its own mining operations.
The company expects to submit its Form 10-Q quarterly report for the period ending September 30, 2026, on or before November 23, 2026. In light of the recently announced proposed exchange offer for Class A common shares (“Exchange Offer”), the company also plans to reschedule the virtual investor day, which was originally scheduled for November 12, to November 23. Management anticipates updating investors on the progress of debt reduction as well as the advancement towards the December target.
When the company initiates a tender offer, it will submit the relevant tender documents to the U.S. Securities and Exchange Commission. Shareholders should read these documents once they become available. The documents can be viewed for free at www.sec.gov.
For more information about Hyperscale Data and its subsidiaries, the company recommends that shareholders, investors, and other relevant parties read the public disclosure documents and press releases published under the Investor Relations section, which can be found at the website hyperscaledata.com, or visit www.sec.gov.
Regarding Hyperscale Data, Inc.
Through its wholly-owned subsidiaries Sentinum, Inc, and Hyperscale Data, AI owns and operates a data center that provides hosting and cabinet rental services for the emerging AI ecosystem as well as other industries. Another wholly-owned subsidiary of the company, Ault Capital Group, Inc ("ACG"), is a mixed-type private equity and operations firm that acquires, finances, builds, and actively manages businesses in the areas of financial services, digital assets, industrial services, hospitality, defense technology, and other fields.
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 a high-performance computing service data center, and will also hold digital assets as well as the company's third wholly-owned subsidiaries, Omnipresent Robotics and LLC. Before the divestiture is completed, the company will continue to provide mission-critical products that support various industries through ACG and its wholly-owned and controlled 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 business 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 separation of ACG 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 who agree to surrender the aforementioned shares within the exchange offer corresponding to this separation and have not properly withdrawn their Series F preferred stocks are entitled to receive ACG shares and become shareholders of ACG after the separation is completed.
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 statements that are predictive in nature, depend on or involve future events or conditions, and contain words such as “believes,” “plans,” “expects,” “predicts,” “estimates,” “anticipates,” “intends,” “strategy,” “future,” “opportunity,” “possible,” “will,” “should,” “can,” “potential,” and similar phrases. Statements that are not historical facts are considered forward-looking statements. Forward-looking statements are based on current judgments and assumptions and are subject to risks and uncertainties.
Forward-looking statements represent only the views as of the date they are made, and the company assumes no obligation to update any such forward-looking statements publicly 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 included 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.
