Company Overview - Hyperscale Data, Inc. reported preliminary financial results for Q1 2025, with revenue exceeding $25 million and guidance for full fiscal year 2025 projected between $115 million and $125 million [1][2] - The company recognized a one-time gain of approximately $9.7 million from the deconsolidation of Avalanche International, Corp. [2] - The transition of the Michigan data center into an AI-focused facility is a strategic move to enhance its position in the AI infrastructure market [2][3] Strategic Initiatives - The CEO highlighted the strong start to 2025, emphasizing growth across core businesses and the importance of transitioning to an AI data center and divesting non-core assets [3] - The company is preparing for a divestiture of Ault Capital Group, Inc. (ACG) by December 31, 2025, which will allow it to focus solely on data center operations and high-performance computing services [6][7] - ACG is involved in various sectors, including AI software, social gaming, defense, and private credit, until the divestiture is completed [6] Financial Highlights - The company’s revenue growth is attributed to its subsidiaries, including Ault Global Real Estate Equities, Circle 8 Crane Services, and TurnOnGreen [1] - The strategic transition and focus on high-growth sectors are aimed at capturing emerging opportunities and delivering sustained value to stockholders [3]

LAS VEGAS, April 24, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its indirectly wholly owned subsidiary askROI, Inc. ("askROI"), has officially launched in both the Apple App Store and Google Play. askROI has seen strong traction since launching and has reached over 30,000 downloads with significant daily average user growth. askROI delivers advanced business intelligence capabilities through an intuitiv ...

Core Viewpoint - Hyperscale Data, Inc. is launching a new cryptocurrency, Nile Coin, through its subsidiary BitNile.com on the Solana blockchain, with the launch date set for May 1, 2025 [1][2]. Group 1: Company Overview - Hyperscale Data, Inc. operates a data center that mines digital assets and provides colocation and hosting services for various industries, including artificial intelligence [4]. - The company plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations for high-performance computing services [5]. Group 2: Product Launch - BitNile.com aims to utilize Solana's infrastructure for the development of Nile Coin, emphasizing its transaction speed and scalability [2][3]. - The CEO of BitNile.com highlighted the launch as a significant step in enhancing user engagement and creating long-term value for stakeholders [3].

Dublin, April 16, 2025 (GLOBE NEWSWIRE) -- The "Direct-to-chip Liquid Cooling Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.The Direct-to-chip Liquid Cooling Market was valued at USD 1.85 billion in 2024, and is projected to reach USD 11.89 billion by 2034, rising at a CAGR of 20.5% as enterprises increasingly prioritize high-performance computing, energy efficiency, and sustainable data center solutions. The ...

Stock Distribution and Corporate Actions - The company announced a distribution of 5.0 million shares of Class B Common Stock to holders of Class A common stock and Series C Convertible Preferred Stock, with a record date of November 29, 2024, and a payment date of December 16, 2024[460]. - A reverse stock split of Class A common stock was executed at a ratio of one-for-thirty-five, effective November 22, 2024[461]. - The company entered into a securities purchase agreement to sell up to 50,000 shares of Series B Convertible Preferred Stock for a total purchase price of up to $50.0 million[468]. - The Series G Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A common stock at a conversion price based on market conditions[466]. - The company issued a total of 135,957 shares of Series D preferred stock for the settlement of ELOC advances totaling $2.0 million from January 1, 2025 through April 14, 2025[519]. Financial Performance - Total revenue for the year ended December 31, 2024, was $106.66 million, a decrease of 21% from $134.85 million in 2023[480]. - Revenue from crypto assets mining decreased by $2.51 million, or 8%, to $30.6 million in 2024, primarily due to a $4.1 million decline in revenue from mined crypto assets[481][482]. - Crane operations revenue decreased by $1.72 million, or 4%, to $47.48 million in 2024, attributed to competitive pricing pressures and lower utilization of the crane fleet[483]. - Revenues from lending and trading activities improved to $1.89 million in 2024, compared to a loss of $2.0 million in 2023, driven by realized gains and fee income[484]. - Gross margins increased to 23% in 2024 from 18% in 2023, influenced by improved performance in lending and trading activities[490]. Expenses and Impairments - Research and development expenses rose by $6.6 million to $11.01 million in 2024, primarily for the development of new platforms[491]. - Selling and marketing expenses decreased by 56% to $14.02 million in 2024, mainly due to reduced advertising costs[492]. - General and administrative expenses decreased by 48% to $35.25 million in 2024, largely due to the deconsolidation of SMC and lower professional fees[493][494]. - Impairment charges for property and equipment totaled $10.5 million in 2024, primarily due to increased Bitcoin mining difficulty[499]. - The company recognized a $1.5 million impairment of intangible assets in 2024, compared to a $24.7 million impairment in 2023[495]. - AVLP recognized an impairment charge of $14.0 million for property and equipment, with an estimated fair value of $0 as of December 31, 2023[501]. - Impairment of mined digital currencies was $0.5 million for the year ended December 31, 2023[502]. - Other expense, net decreased to $4.7 million for the year ended December 31, 2024, down from $91.3 million in 2023[503]. - Interest expense decreased to $19.7 million for the year ended December 31, 2024, compared to $44.3 million for 2023[505]. Cash Flow and Equity - Cash and cash equivalents were $4.6 million as of December 31, 2024, down from $6.1 million at the end of 2023[513]. - Net cash used in operating activities increased to $19.4 million for the year ended December 31, 2024, compared to $5.4 million in 2023[514]. - Net cash provided by investing activities was $3.2 million for the year ended December 31, 2024, compared to a net cash used of $29.5 million in 2023[515]. - Net cash provided by financing activities was $25.8 million for the year ended December 31, 2024, down from $37.0 million in 2023[517]. - Cumulative downward adjustments for impairments of equity securities were $6.3 million for the year ended December 31, 2024, compared to $9.6 million in 2023[511]. - Stockholders' equity reported at approximately $2.2 million, below the required $6 million for NYSE American listing standards[530]. Compliance and Future Plans - Company has reported losses from continuing operations and/or net losses in five of the most recent fiscal years ended December 31, 2023[530]. - Compliance plan submitted to NYSE American by January 17, 2025, to regain compliance within 18 months[531]. - NYSE American accepted the compliance plan on March 4, 2025, granting a listing extension until June 18, 2026[531]. - Company will undergo periodic reviews, including quarterly monitoring for compliance with the plan[531].

LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its wholly owned subsidiary Sentinum, Inc. ("Sentinum") mined approximately 56 Bitcoin from January 1, 2025, to March 31, 2025. Since March of 2021, Sentinum has mined approximately 3,061 Bitcoin. "The Company is proud of the Sentinum team and the efficiency with which the mining operations are run. We believe it is important to update stoc ...

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of the Company's common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested par ...

LAS VEGAS, March 31, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that it expects to recognize a one- time gain of approximately $17.5 million upon deconsolidation of Avalanche International, Inc. ("Avalanche"). The Company notes that while this gain is non-recurring, the impact to the Company's balance sheet is significant. William B. Horne, Chief Executive Officer of Hyperscale Data, commented, "The deconsol ...

Core Insights - Hyperscale Data, Inc. has successfully installed its first Nvidia GPU deployment for a new cloud services provider in Silicon Valley, marking a significant milestone in its strategic transformation into a data center focused on AI and HPC [1][3] - The Michigan data center currently operates at approximately 28 megawatts, with plans to expand to around 340 megawatts to accommodate the increasing energy demands of advanced AI and HPC workloads [2] Company Strategy - The initial deployment of Nvidia GPUs is part of a broader initiative to build infrastructure that supports the growing computational needs of enterprise and cloud-native applications [2] - The CEO of Hyperscale Data emphasized the importance of this installation as a step towards transitioning to a pure play data center business, aiming to meet the evolving needs of the AI industry [3] Future Plans - Hyperscale Data intends to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on owning and operating data centers for HPC services [5] - The company is currently involved in various industries through ACG, including AI software, social gaming, defense/aerospace, and medical/biopharma, while also engaging in private credit and structured finance [5]

Core Viewpoint - Hyperscale Data, Inc. has received a listing extension from NYSE until June 18, 2026, to regain compliance with the NYSE American Company Guide, specifically aiming for stockholders' equity to be $6.0 million or more [1] Group 1: Company Compliance and Financial Status - The NYSE notified Hyperscale Data on March 4, 2025, regarding the extension based on the company's submitted plan [1] - The company must demonstrate progress in regaining compliance with Sections 1003(a)(ii) and (iii) of the Listing Standards during the extension period [1] - Failure to comply by the end of the extension period could lead to delisting from the NYSE [1] Group 2: Business Operations and Future Plans - Hyperscale Data operates a data center that mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [3] - The company plans to divest its subsidiary ACG by December 31, 2025, focusing solely on data center operations to support high-performance computing (HPC) services [4] - ACG is involved in various sectors, including AI software, social gaming, equipment rental, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations [4]