Hyperscale Data, Inc. Company Summary

Overview

• Formerly Known as: Ault Alliance, Inc.
• Incorporation: September 2017, Delaware company
• Headquarters: 11411 Southern Highlands Pkwy, Suite 190, Las Vegas, NV 89141
• Website: https://hyperscaledata.com/
• Stock Exchange: Listed on NYSE American under the symbol GPUS

Business Model & Operations

• Type: Holding company managing subsidiaries and strategic investments
• Core Focus:
  • Data center ownership and operation
  • Bitcoin mining
  • Colocation and hosting services for artificial intelligence (“AI”) ecosystems and other industries
  • Development of mission-critical products across diverse sectors

Subsidiaries & Segments

• Wholly and majority owned subsidiaries include:
  • Sentinum, Inc. (Data centers and Bitcoin mining)
  • Alliance Cloud Services, LLC (ACS)
  • BNI Montana, LLC
  • Ault Capital Group, Inc. (including Ault Lending, RiskOn, BNC, askROI, AGREE, Eco Pack, Ault Aviation, Circle 8 Holdco, TurnOnGreen)

Business Segments

• Technology and Finance ("Fintech")
• Sentinum: Transitioning from Bitcoin mining to high-performance computing (“HPC”) and AI operations; owns Michigan and Montana data centers
• AGREE: Hotel and commercial real estate holdings
• Energy and Infrastructure: Crane rental and lifting solutions via Circle 8
• ROI: AI-driven platform and social gaming platform (BitNile.com)
• TurnOnGreen: Commercial electronics, EV charging solutions, and power systems through Digital Power and TOG Technologies

Recent Developments

• Debt & Financing:
  • Entered into a $20 million unsecured credit facility in June 2024, repaid $2 million since inception, with amendments reducing payable amounts.
  • Pledged up to $37.5 million in Series D Preferred Stock during 2024 through agreements with Orion.
  • Issued multiple convertible promissory notes from mid-2024 to early 2025, with various amendments and forbearance agreements.
• Equity Transactions:
  • Issued shares of Series C and Series G Preferred Stock, warrants, and Class B common stock.
  • Distributed approximately 5 million shares of Class B common stock and $16.25 million of Series E Preferred Stock.
  • Completed sale of notable real estate asset: Property in St. Petersburg, FL, for $13 million in December 2024.
• Name Change: From Ault Alliance to Hyperscale Data on September 10, 2024.
• Stockholders: As of April 14, 2025, there are 1,529,995 shares of Class A common stock outstanding.

Financial Highlights

• Employees: 424 employees as of December 31, 2024
• Revenue:
  • $31.5 million for the year ended December 31, 2024
  • $33.1 million for the year ended December 31, 2023
• Net Income / Loss:
  • Operating loss of approximately $12.6 million in 2024
  • Operating loss of approximately $2.6 million in 2023
• Assets: Total assets of approximately $219.7 million as of December 31, 2024
• Market Capitalization (as of June 28, 2024):
  • Approximately $10.4 million based on a stock price of $10.143 per share

Key Business Activities

• Bitcoin Mining:
  • Owns around 4,900 Antminers (S19j Pro and S19 XP models) in Michigan
  • Mined approximately 677 Bitcoin in 2024 and 1,607 Bitcoin in 2023
  • Held Bitcoin valued at $183,000 as of December 31, 2024
• Data Centers & HPC/AI:
  • Michigan Facility: energy-efficient 617,000 sq. ft. facility
  • Transition from Bitcoin mining to HPC and AI applications
  • Montana Facility: intended to support up to 20 MWs of power, but development is on hold
• Foreign & Domestic Operations: Operating in Nevada, Montana, Michigan, U.K., and other locations
• Customer Base: Diversified across industries including healthcare, energy, automotive, robotics, defense/aerospace, industrial, and real estate

Management & Employees

• Leadership:
  • Milton C. (Todd) Ault, III – Executive Chairman
  • William B. Horne – CEO and Vice Chairman
  • Henry Nisser – President and General Counsel
  • Ken Cragun – CFO
• Workforce: 424 employees (26% female, 74% male; average tenure 3.5 years)
• Employee Relations: No unionized employees; positive relations reported

This summary is based solely on the information provided up to the date of the 2024 10-K filing and contains detailed specifics regarding operations, financial data, corporate structure, and recent developments.