Core Viewpoint - Hyperscale Data, Inc. reported estimated total assets of approximately $369 million and net assets of approximately $168 million as of December 31, 2025, indicating a strong balance sheet position and a disciplined approach to digital asset management [1][2][3][4]. Financial Summary - The estimated total assets of Hyperscale Data equate to approximately $1.14 per share of Class A common stock, while the estimated net assets equate to approximately $0.50 per share [1]. - The company's cash and Bitcoin holdings are valued at approximately $91 million, representing a significant portion of total assets [2]. Operational Insights - During Q4 2025, the company expanded its digital asset holdings, invested in high-performance computing infrastructure, and optimized its capital structure [3]. - The company aims to provide stockholders with monthly updates on its estimated total assets and net assets per share to enhance transparency and long-term value creation [5]. Business Structure - Hyperscale Data operates through its subsidiary Sentinum, Inc., which manages a data center for mining digital assets and offering colocation and hosting services [6]. - The company is planning to divest Ault Capital Group, Inc. (ACG) in Q3 2026, which will allow it to focus on data center operations and digital asset holdings [7]. Shareholder Information - On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG upon the divestiture [8][9].

Core Viewpoint - Hyperscale Data, Inc. plans to divest its Montana data center properties to focus on enhancing its Michigan facility, which is set to become a significant hub for artificial intelligence (AI) and high-performance computing (HPC) infrastructure [1][2][4]. Company Strategy - The divestiture of the Montana assets is aimed at consolidating resources and maximizing stockholder value, allowing the company to strengthen its competitive positioning in the AI and HPC sectors [4][5]. - The Michigan facility currently has a power capacity of approximately 30 megawatts (MW) and is expected to expand to 70 MW within the next 20 months, with a long-term goal of reaching around 340 MW, subject to various agreements and funding [3][5]. Financial Implications - Proceeds from the sale of the Montana properties are anticipated to bolster the company's balance sheet and expedite the development of the Michigan campus [5]. - The Michigan facility is viewed as a long-term asset with the potential for significant value appreciation, prompting the company to concentrate its efforts there [5]. Operational Focus - The Michigan data center is positioned to support enterprise clients with purpose-built AI and HPC infrastructure, reflecting a strategic shift towards high-growth areas in technology [4][7]. - Hyperscale Data, through its subsidiary Sentinum, is actively engaged in crypto asset mining and offers colocation and hosting services, further diversifying its operational capabilities [7].