Core Viewpoint - Hyperscale Data, an AI data center company, has announced an "at-the-market" offering of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock, aiming to raise approximately $35.4 million for various strategic purposes, including Bitcoin acquisition and working capital [1]. Group 1: Offering Details - The offering will be conducted through Wilson-Davis & Co., Inc. as the sales agent, allowing sales at market prices [1]. - The company plans to use the majority of the net proceeds to acquire Bitcoin and potentially precious metals, with a smaller portion allocated for working capital and corporate purposes [1]. - The shares are being offered under a shelf registration statement that became effective on December 11, 2025 [1]. Group 2: Company Operations - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on mining digital assets and providing colocation and hosting services for AI ecosystems [1]. - The company is also involved in acquiring undervalued businesses and disruptive technologies through its other subsidiary, Ault Capital Group, Inc. [1]. - A divestiture of ACG is expected in the fourth quarter of 2026, after which Hyperscale Data will focus on data center operations and digital asset holdings [1]. Group 3: Financial Information - The company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders on an as-converted basis on December 23, 2024 [1]. - The divestiture will involve the exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG [1].