Hyperscale Data Holds Approximately $53 Million in Cash, Restricted Cash and Bitcoin, Representing Nearly 200% of Recent Market Capitalization

Hyperscale Data highlights $53 million of cash and Bitcoin versus its market value while funding an AI data center contract that may exceed $1.2 billion in revenue.

Rhea-AI Summary

Hyperscale Data (GPUS) reported that as of September 3, 2026 it held approximately $36 million in cash and restricted cash and about 215 Bitcoin, for total asset value of roughly $53 million based on a Bitcoin price of about $81,500, nearly 200% of its recent equity market capitalization.

The company sold a portion of its Bitcoin to help fund the buildout of its Michigan AI data center, where it plans to perform under a master services agreement with a California-based neocloud provider. The MSA covers 20 megawatts over an initial 10-year term, with two five-year customer extension options and is expected to generate more than $1.2 billion in revenue if fully extended to 20 years.

Through subsidiaries Sentinum and Ault Capital Group (ACG), Hyperscale Data operates AI-focused data centers and a diversified portfolio of businesses and investments. The company currently expects to complete a divestiture of ACG in 2027 via the exchange of Series F Preferred Stock into ACG Class A and Class B common shares.

Positive

• Cash and Bitcoin holdings of about $53 million, nearly 200% of recent equity market capitalization as of September 3, 2026
• Long-term master services agreement for 20 megawatts that may generate over $1.2 billion in revenue if fully extended to 20 years
• Capital deployed into Michigan AI data center buildout to support performance under the master services agreement

Negative

• The company notes that Bitcoin prices and its market capitalization fluctuate continuously, and restricted cash is subject to limitations on use, so the asset comparison does not represent net cash, enterprise value or liquidation value

News Explained

The September 3 asset comparison is not a measure of cash available to common holders: the company says it excludes liabilities and restrictions on some cash and should not be read as net cash, enterprise value, liquidation value, or distributable amounts.

Market Context

Insider filings recorded net buying of 551,740 shares over 90 days. That platform context adds share...

Analysis

Insider filings recorded net buying of 551,740 shares over 90 days. That platform context adds shareholder-alignment evidence to the asset update, while the active resale registration and stated liability restrictions remain factors to monitor.

Key Figures

Cash and restricted cash: approximately $36 million Bitcoin holdings: approximately 215 Bitcoin Combined asset holdings: approximately $53 million +5 more

8 metrics

Cash and restricted cash approximately $36 million As of September 3, 2026

Bitcoin holdings approximately 215 Bitcoin As of September 3, 2026

Combined asset holdings approximately $53 million Cash, restricted cash and Bitcoin as of September 3, 2026

Bitcoin price basis approximately $81,500 Used to value Bitcoin holdings as of September 3, 2026

Market capitalization comparison nearly 200% Combined holdings relative to equity market capitalization

MSA deployment 20 megawatts Initial master services agreement deployment

MSA initial term 10 years Master services agreement with a California-based neocloud provider

Maximum-term revenue in excess of $1.2 billion Expected revenue over the maximum 20-year MSA term

Previous Crypto Reports

5 past events · Latest: Sep 01 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Sep 01	Bitcoin treasury sale	Positive	-14.6%	Reported Bitcoin holdings, asset value, and proceeds from recent Bitcoin sales.
Aug 25	Bitcoin treasury update	Positive	-14.5%	Reported approximately 278 Bitcoin holdings without open-market purchases or sales.
Aug 14	Bitcoin asset sale	Positive	-17.2%	Sold Bitcoin, generated cash, reduced debt, and supported Michigan data-center development.
Aug 11	Bitcoin treasury update	Positive	+0.2%	Reported approximately 961 Bitcoin holdings and their estimated market value.
Aug 04	Bitcoin monetization update	Positive	+4.9%	Reported Bitcoin monetization and a strategy using Bitcoin as collateral.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent crypto-tagged announcements showed mostly negative 24-hour reactions despite asset or funding disclosures.

Key Terms

restricted cash, master services agreement

2 terms

restricted cash financial

"it held approximately $36 million in cash and restricted cash"

Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.

master services agreement financial

"prepare to perform under our master services agreement"

A master services agreement is a standing contract that sets the main terms, responsibilities, pricing framework and processes for future work between two parties, allowing individual projects or orders to be added later without renegotiating core terms. For investors, it signals predictability and reduced legal friction around revenue streams and costs—like a subscription plan for services that makes future income and obligations easier to forecast and value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LAS VEGAS, Sept. 4, 2026 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company anchored by Bitcoin ("Hyperscale Data" or the "Company"), today announced that, as of September 3, 2026, it held approximately $36 million in cash and restricted cash and approximately 215 Bitcoin.

As of September 3, 2026, the Company's combined cash, restricted cash and Bitcoin holdings totaled approximately $53 million, based on a Bitcoin price of approximately $81,500, representing nearly 200% of the Company's equity market capitalization as of that date.

Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, stated, "Hyperscale Data currently holds approximately $36 million in cash and restricted cash and approximately 215 Bitcoin, with an estimated market value of approximately $18 million. Together, these assets total approximately $53 million, equal to nearly twice the Company's recent equity market capitalization.

"We sold a portion of our Bitcoin and deployed the proceeds to support the continued buildout of our Michigan AI data center as we prepare to perform under our master services agreement (the 'MSA') with a California-based neocloud provider. The MSA provides for the deployment of 20 megawatts, has an initial term of 10 years and includes two five-year extension options that may be exercised by the customer. If the customer exercises both extension options, the MSA is expected to generate in excess of $1.2 billion in revenue over the maximum 20-year term.

"This was a deliberate capital-allocation decision. We believe investing in the infrastructure necessary to perform under the MSA has the potential to create substantially greater long-term value for the Company and our stockholders. Even after deploying capital toward the Michigan facility, the value of our cash, restricted cash and remaining Bitcoin substantially exceeds our recent equity market capitalization. Although this comparison does not reflect our liabilities or the restrictions applicable to certain cash balances, we believe it provides meaningful context regarding the Company's current market valuation and underlying assets. In my view, the market is not presently reflecting the underlying value of the Company."

The Company notes that the market value of Bitcoin and the market capitalization of Hyperscale Data fluctuate continuously. Restricted cash is subject to applicable restrictions on its use. The comparison in this release is intended to highlight the relationship between these specific assets and the Company's recent equity market capitalization and should not be interpreted as a calculation of net cash, enterprise value, liquidation value or amounts available for distribution to stockholders.

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, Inc., Hyperscale Data owns and operates a data center that 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 hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in 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, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, 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.

FAQ

How much cash and Bitcoin does Hyperscale Data (GPUS) hold as of September 3, 2026?

As of September 3, 2026, Hyperscale Data held approximately $36 million in cash and restricted cash and about 215 Bitcoin. Based on a Bitcoin price of roughly $81,500, the combined value of these holdings was about $53 million.

How does Hyperscale Data's $53 million in cash and Bitcoin compare to its market capitalization?

Hyperscale Data reports that its approximately $53 million in cash, restricted cash and Bitcoin represented nearly 200% of the company’s equity market capitalization as of September 3, 2026. The company stresses this is not a measure of net cash, enterprise value or liquidation value.

What are the key terms of Hyperscale Data's master services agreement and potential revenue for GPUS?

The master services agreement calls for deployment of 20 megawatts at Hyperscale Data’s Michigan AI data center, with an initial term of 10 years and two additional five-year extension options. If both extensions are exercised, the MSA is expected to generate over $1.2 billion in revenue over 20 years.

Why did Hyperscale Data (GPUS) sell part of its Bitcoin holdings and how were the proceeds used?

Hyperscale Data sold a portion of its Bitcoin and used the proceeds to support the continued buildout of its Michigan AI data center. The company said this capital-allocation decision supports its ability to perform under the long-term master services agreement with a California-based neocloud provider.

What is Hyperscale Data's plan to divest Ault Capital Group and when is it expected for GPUS investors?

Hyperscale Data currently expects the divestiture of Ault Capital Group (ACG) to occur in 2027. The divestiture will take place through the voluntary exchange of Series F Exchangeable Preferred Stock for Class A and Class B common shares of ACG.

How will Series F Preferred Stock holders of Hyperscale Data receive Ault Capital Group shares in the divestiture?

Only holders of Series F Preferred Stock who agree to surrender those shares, and do not properly withdraw the surrender in the exchange offer, will receive ACG Class A and Class B common shares and thereby become shareholders of Ault Capital Group upon completion of the divestiture.

What businesses does Hyperscale Data (GPUS) operate through Sentinum and Ault Capital Group?

Through Sentinum, Hyperscale Data owns and operates a data center offering colocation and hosting for AI ecosystems and other industries. Through Ault Capital Group, it manages a hybrid private equity and operating platform spanning financial services, digital assets, industrial services, hospitality, defense technologies, automotive, hotel operations and private credit.