Hyperscale Data Sets November 12 as Investor Day to Discuss Michigan AI Expansion and Strategic Alternatives Across Its Portfolio

The potential 52 MW customer deployment depends on extension options and additional capacity rights being exercised.

Rhea-AI Summary

Hyperscale Data (GPUS) will host a virtual investor day on November 12, 2026, covering Michigan AI expansion and portfolio strategic alternatives. The company reiterates preliminary 2027 guidance of $300–$350 million in revenue and $60–$80 million in Adjusted EBITDA, an adjusted earnings measure.

An executed master services agreement with a California-based neocloud provider contemplates an initial 20 MW of AI capacity. If the customer exercises all extension options and additional capacity rights, a potential 52 MW deployment could generate more than $3.0 billion over 20 years. Capacity beyond 20 MW depends on financing, approvals and infrastructure, among other conditions. Alternatives under evaluation include a Michigan Campus sale, a Sentinum initial public offering or continued campus ownership and development, alongside sale, partnership, divestiture or combination options for askROI. No definitive decision has been made.

5 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Potential 52 MW deployment could generate more than $3.0 billion over 20 years if all customer options are exercised. 129× market cap
• Moderate pointExecuted customer agreement contemplates an initial 20 MW of critical AI compute capacity.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Preliminary 2027 revenue guidance reiterated at $300 million to $350 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Michigan Campus could ultimately support more than 300 MW of total power capacity, the company believes.
• Minor point. Forward-looking: it has not happened yet and may not happen.Preliminary 2027 consolidated Adjusted EBITDA guidance reiterated at $60 million to $80 million.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Capacity beyond 20 MW depends on financing, regulatory approvals, engineering, utility agreements, infrastructure availability and customer demand.
• Minor pointStrategic alternatives remain preliminary, requiring negotiations, due diligence, definitive agreements and applicable corporate and regulatory approvals.
• Minor point. Forward-looking: it has not happened yet and may not happen.Preliminary 2027 guidance relies on anticipated deployments, expected financing, projected digital-asset initiatives and portfolio performance.
• Minor point. Forward-looking: it has not happened yet and may not happen.Projected Adjusted EBITDA cannot be reconciled quantitatively to GAAP net income or loss; unestimated components likely are material.

News Explained

The company currently expects the ACG divestiture in 2027, through a voluntary exchange of Series F shares for ACG shares; it has not occurred. Series F was issued on December 23, 2024 to common stockholders and holders of Series C on an as-converted basis, but only holders who surrender it and do not properly withdraw would receive ACG shares and become ACG shareholders.

Key Figures

2027 revenue guidance: $300–$350 million 2027 Adjusted EBITDA guidance: $60–$80 million Initial contracted AI compute capacity: 20 MW +3 more

2027 revenue guidance

$300–$350 million

Preliminary consolidated guidance for the year ending December 31, 2027

2027 Adjusted EBITDA guidance

$60–$80 million

Preliminary consolidated guidance for the year ending December 31, 2027

Initial contracted AI compute capacity

20 MW

Initial deployment contemplated under the MSA

Additional potential AI compute capacity

32 MW

Subject to the Customer exercising all extension options and other conditions

Potential MSA contract revenue

More than $3.0 billion

Conditional potential 52 MW deployment over 20 years

Potential Michigan Campus power capacity

More than 300 MW

Company-stated potential total capacity

Previous AI Reports

2 past events · Latest: Sep 17

Same Type 2 events

1. Sep 17

   Michigan campus update

   24h Move

   +2.1%

   Reported investment and progress on the same 20 MW MSA, with possible expansion to 52 MW.

2. Sep 14

   Campus sale threshold

   24h Move

   +7.8%

   Established a $750 million minimum sale threshold for the Michigan campus, now among alternatives under discussion.

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

Key Terms

master services agreement, initial public offering, gaap

3 terms

master services agreement financial

"the executed master services agreement (the "MSA")"

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.

initial public offering financial

"through an initial public offering or the Company's continued ownership"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

gaap financial

"measure calculated under GAAP, which in this case, would be net income or loss"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

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Company reiterates 2027 guidance of $300–$350 million in revenue and $60–$80 million in consolidated Adjusted EBITDA

LAS VEGAS, Oct. 5, 2026 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company ("Hyperscale Data" or the "Company"), today announced that it will virtually host an investor day (the "Investor Day") on November 12, 2026, from 1:15 p.m. to 3:30 p.m. Pacific Time, to discuss the Michigan AI data center campus (the "Michigan Campus"), the status of its other portfolio businesses and strategic alternatives intended to enhance stockholder value. Participation details for Investor Day will be provided at a later date.

During the Investor Day, management will provide an update as to the progress on, and expansion of, the Michigan Campus and the executed master services agreement (the "MSA") with a California-based neocloud provider (the "Customer").  As previously disclosed, the MSA contemplates the deployment of an initial 20 megawatts ("MW") of critical AI compute capacity and, if the Customer exercises all of its options to extend the term, and rights to an additional 32 MW of critical AI compute capacity, the MSA could generate more than $3.0 billion in total contract revenue from the potential 52 MW deployment over a 20-year period.

The Company has previously announced that it believes the Michigan Campus could ultimately support more than 300 MW of total power capacity. The development of any capacity beyond the initial 20 MW covered by the MSA is subject to financing, regulatory approvals, engineering, utility agreements, infrastructure availability, customer demand and other conditions. There can be no assurance that additional capacity will be developed, financed, contracted or placed into service.

Additionally, management is expected to provide a review of the Company's various portfolio businesses within its various sectors, including: defense; energy and infrastructure; hotel operations and commercial real estate holdings; technology and finance; and commercial lending and trading and activist investing. In addition, the Company will be discussing ongoing initiatives, including, without limitation, the AI software platform by the Company's subsidiary askROI, Inc. ("askROI") and blockchain and digital technology initiatives by Ault Markets, Inc., another subsidiary.

Management anticipates discussing the Company's evaluation of strategic alternatives, including potentially selling the Michigan Campus, taking public the Company's wholly owned subsidiary, Sentinum, Inc. ("Sentinum") through an initial public offering or the Company's continued ownership and development of the Michigan Campus. The discussion will also address options involving askROI, including a potential sale, strategic partnership or divestiture, and the possibility of combining askROI with a broader technology business. Transactions under evaluation could include equity consideration, which would allow Hyperscale Data to retain an ownership interest in the combined business and participate in its potential upside.

"We are focused on delivering the contracted capacity in our Michigan Campus and turning that investment into cash flow," said Milton "Todd" Ault III, Executive Chairman. "Investor Day will also provide an update on the strategic alternatives we are evaluating for the Michigan Campus and our other portfolio businesses. Our objective is to place these businesses in structures that support their development and make their value more identifiable to our stockholders."

The Company reiterates its preliminary consolidated financial guidance for the year ending December 31, 2027, of $300 million to $350 million in revenue and $60 million to $80 million in Adjusted EBITDA. Based upon known and reasonably calculated projections, including management's current operating plans, anticipated customer deployments, expected financing activities, projected digital-asset initiatives and the anticipated performance of the Company's portfolio businesses, this guidance reflects management's current projections.

The Company cannot provide a quantitative reconciliation of its projected Adjusted EBITDA to the most directly comparable measure calculated under GAAP, which in this case, would be net income or loss, because certain components required to calculate net income or loss cannot presently be reasonably estimated without unreasonable effort. These components include future interest expense, income taxes, depreciation and amortization, stock-based compensation, impairment charges, acquisition-related expenses and changes in the fair value of financial instruments. These items are likely to be material to the Company's future GAAP results.

No definitive decision has been made regarding any strategic alternatives under evaluation. Any discussions or considerations remain preliminary, and no assurances can be given that any definitive terms will be agreed upon or result in any transaction. Any transaction would be subject to further negotiation, due diligence, execution of definitive agreements and applicable corporate and regulatory approvals, including, as applicable, approval by the Company's Board of Directors. There can be no assurance that an agreement will be reached or that, if an agreement is reached, any transaction would ultimately be consummated. No transaction timetable is assured.

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 Sentinum, Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for the emerging AI ecosystems and other industries. Another of Hyperscale Data's wholly owned subsidiaries, 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 and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Hyperscale Data's preliminary financial guidance for 2027?

Hyperscale Data reiterates preliminary consolidated guidance of $300 million to $350 million in revenue and $60 million to $80 million in Adjusted EBITDA for the year ending December 31, 2027. These are management projections, not achieved results.

How much potential revenue could Hyperscale Data's Michigan AI customer agreement generate?

The agreement could generate more than $3.0 billion in total contract revenue over 20 years from a potential 52 MW deployment if the customer exercises all term-extension options and rights to an additional 32 MW. The executed agreement contemplates an initial 20 MW of critical AI compute capacity.

Why cannot Hyperscale Data reconcile its projected 2027 Adjusted EBITDA to GAAP earnings?

Certain components of GAAP net income or loss cannot presently be reasonably estimated without unreasonable effort. These include future interest expense, income taxes, depreciation and amortization, stock-based compensation, impairment charges, acquisition-related expenses and changes in financial instruments' fair value. These items are likely to be material to future GAAP results.