Hyperscale Data Announces "At-the-Market" Offering of Common Stock
Rhea-AI Summary
Hyperscale Data (NYSE American: GPUS) established an at-the-market equity offering program to sell up to $300 million of common stock through Spartan Capital Securities as sales agent.
Net proceeds are intended mainly for Michigan and Montana data facilities, Bitcoin purchases, precious metals, and general corporate purposes.
Positive
- Up to $300 million at-the-market common stock offering capacity
- Flexibility to sell shares over time at prevailing market prices
- Planned funding for Michigan and Montana AI data facilities expansion
- Ability to allocate capital to Bitcoin and precious metal holdings
Negative
- Potential shareholder dilution from issuing new common shares
- Unspecified timing and size of share sales create capital-raising uncertainty
News Market Reaction – GPUS
In the Jun 22 session, GPUS declined 20.33%, reflecting a significant negative market reaction. Argus tracked a peak move of +27.2% during that session. Argus tracked a trough of -54.7% from its starting point during tracking. Our momentum scanner triggered 114 alerts that day, indicating very high trading interest and price volatility. Trading volume was very high at 3.3x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | ATM termination | Positive | +15.8% | Ended prior ATM program after raising funds, pausing incremental equity issuance. |
| Feb 13 | Preferred ATM launch | Negative | -8.9% | New ATM for preferred stock increasing capital access and potential future dilution. |
| Dec 19 | Common ATM launch | Negative | -9.1% | Initiated common stock ATM to fund Bitcoin purchases and Michigan data center. |
| Aug 29 | Common ATM launch | Negative | -22.4% | Announced sizable common stock ATM for Bitcoin and Michigan facility spending. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Offering-related announcements for GPUS have typically drawn negative share reactions, with one notable positive outlier following an ATM termination.
Key Terms
at-the-market financial
shelf registration statement regulatory
prospectus supplement regulatory
working capital financial
NYSE American financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Pursuant to a sales agreement with the Agent, sales of shares of the Company's common stock may be made in transactions that are deemed to be "at-the-market" offerings, including sales made by means of ordinary brokers' transactions on the NYSE American or otherwise at market prices prevailing at the time of sale or as agreed to with the Agent.
The Company intends to use a majority of the net proceeds from this offering, if any, to further develop its
The shares of common stock described above are being offered pursuant to a shelf registration statement (File No. 333-291595), which became effective on December 11, 2025. Such shares of common stock may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the Offering. Potential investors may obtain these documents for free by visiting EDGAR on the
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 these securities, 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 parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.
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SOURCE Hyperscale Data Inc.