STOCK TITAN

Hyperscale Data (NYSE American: GPUS) sees >$300M 2027 revenue after 57% jump

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hyperscale Data, Inc., an AI-focused data center operator anchored by Bitcoin, released preliminary unaudited results for the six months ended June 30, 2026. Management expects consolidated revenue of approximately $80 million, an increase of about 57% from approximately $51 million in the first half of 2025.

The company reaffirmed its 2026 revenue guidance of $180 million to $200 million and provided a preliminary 2027 revenue outlook of more than $300 million, driven by its Michigan AI data center campus, financial services platform and blockchain initiatives. First-half growth was attributed mainly to the reconsolidation of Gresham Worldwide and stronger contributions from Ault Lending. Leaders plan to discuss the 2027 outlook, including preliminary 2027 Adjusted EBITDA guidance and additional metrics, on an August 4, 2026 investor call.

Hyperscale Data also outlined plans to divest Ault Capital Group in the second quarter of 2027 through the exchange of 1,000,000 shares of Series F Exchangeable Preferred Stock for ACG shares; only Series F holders who participate in the exchange will receive ACG equity.

Positive

  • Preliminary first-half 2026 revenue of approximately $80 million, representing an increase of about 57% from approximately $51 million in the same period of 2025.
  • Management reaffirmed 2026 revenue guidance of $180 million to $200 million and issued a preliminary 2027 revenue outlook above $300 million, indicating expectations for continued growth.

Negative

  • None.

Filing Explained

The update is a preliminary, furnished release; the next stated quarterly-report milestone is the Form 10-Q expected around August 14.

As a Form 8-K under Item 2.02, this filing furnishes preliminary unaudited six-month results and related forward-looking guidance; the company states that this information is not deemed filed for Section 18 purposes.

The company currently expects to file its Form 10-Q for the quarter ended June 30, 2026, on or about August 14, 2026, making that filing the next named reporting milestone for the period.

A Form 10-Q is the unaudited quarterly report containing interim financial statements and updates to risks and liquidity.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Preliminary first-half 2026 revenue approximately $80 million Consolidated revenue for the six months ended June 30, 2026
First-half 2025 revenue approximately $51 million Comparative revenue for the six months ended June 30, 2025
Revenue growth rate approximately 57% Increase in first-half 2026 revenue versus first-half 2025
2026 revenue guidance $180 million to $200 million Reaffirmed full-year 2026 revenue guidance
Preliminary 2027 revenue outlook more than $300 million Preliminary 2027 revenue guidance
Series F Preferred Stock issued 1,000,000 shares Series F Exchangeable Preferred Stock issued on December 23, 2024
Series D preferred dividend rate 13.00% Coupon on Series D Cumulative Redeemable Perpetual Preferred Stock
Expected ACG divestiture timing second quarter of 2027 Planned timing of Ault Capital Group divestiture
Cumulative Redeemable Perpetual Preferred Stock financial
"13.00% Series D Cumulative Redeemable Perpetual Preferred Stock"
A cumulative redeemable perpetual preferred stock is a type of ownership share that pays fixed dividends forever unless the company stops them, and any missed dividends accumulate and must be paid later. It can be redeemed (bought back) by the issuer at specified times or prices, so it behaves partly like a long-term loan; investors care because it sits ahead of common shares for payments and can affect a company’s cash needs and perceived credit risk.
Adjusted EBITDA financial
"expects to provide preliminary 2027 Adjusted EBITDA guidance"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Divestiture financial
"expects the divestiture of ACG (the “Divestiture”) to occur"
Divestiture is the process of selling or getting rid of a part of a company, such as a division or asset. It often happens when a business wants to focus on its core activities or improve its finances. For investors, divestitures can signal strategic shifts or influence the company's value, affecting investment decisions.
Inline XBRL regulatory
"the cover page is formatted in Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Private Securities Litigation Reform Act of 1995 regulatory
"within the meaning of the Private Securities Litigation Reform Act of 1995"
Preliminary revenue approximately $80 million approximately 57% increase versus approximately $51 million in the same period in 2025
2026 revenue guidance $180 million to $200 million guidance reaffirmed for full-year 2026
Preliminary 2027 revenue outlook more than $300 million preliminary revenue outlook announced for 2027
Guidance

Management reaffirmed 2026 revenue guidance of $180 million to $200 million and introduced a preliminary 2027 revenue outlook above $300 million. During an August 4, 2026 investor call, executives expect to provide preliminary 2027 Adjusted EBITDA guidance and additional financial and operating metrics.

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FAQ

What preliminary first-half 2026 revenue did Hyperscale Data (GPUS) report?

Hyperscale Data expects consolidated first-half 2026 revenue of approximately $80 million, an increase of about 57% from approximately $51 million in the first half of 2025. These figures are preliminary and unaudited, based on management’s current estimates.

What 2026 and 2027 revenue guidance did Hyperscale Data (GPUS) provide?

The company reaffirmed 2026 revenue guidance of $180 million to $200 million and issued a preliminary 2027 revenue outlook of more than $300 million. Management links this outlook to growth in its Michigan AI data center campus, financial services and blockchain initiatives.

What is driving Hyperscale Data’s (GPUS) recent revenue growth?

Management states that first-half 2026 revenue growth was driven mainly by the reconsolidation of Gresham Worldwide and stronger contributions from its financial services business, Ault Lending, LLC. These factors helped lift preliminary revenue to about $80 million, up roughly 57% year over year.

When will Hyperscale Data (GPUS) discuss 2027 Adjusted EBITDA guidance?

Hyperscale Data plans an investor conference call on Tuesday, August 4, 2026, at 3:30 PM Pacific / 6:30 PM Eastern. Management expects to provide preliminary 2027 Adjusted EBITDA guidance, discuss revenue outlook assumptions and share additional financial and operating metrics.

What is Hyperscale Data’s (GPUS) plan to divest Ault Capital Group (ACG)?

The company currently expects the divestiture of Ault Capital Group to occur in the second quarter of 2027 via a voluntary exchange of Series F Preferred Stock for ACG shares. Only Series F holders who surrender shares and do not withdraw will receive ACG equity.

When does Hyperscale Data (GPUS) expect to file its June 30, 2026 Form 10-Q?

The company currently expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, on or about August 14, 2026. Investors are directed to SEC filings and the company’s website for full financial statements.
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UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

____________________________________________________________

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

___________________________________________________________________

 

Date of Report (Date of earliest event reported): July 29, 2026

 

HYPERSCALE DATA, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 001-12711 94-1721931
(State or other jurisdiction of
incorporation or organization)
(Commission File Number) (I.R.S. Employer Identification No.)

 

11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141

(Address of principal executive offices) (Zip Code)

 

(949) 444-5464

(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

  Name of each exchange on which registered
Class A Common Stock, $0.001 par value   GPUS   NYSE American
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share   GPUS PD   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

  
 

 

Item 2.02Results of Operations and Financial Condition.

 

On July 29, 2026, Hyperscale Data, Inc. (the “Company”) issued a press release announcing its unaudited preliminary financial information for the six months ended June 30, 2026 (the “Press Release”). A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

The information contained in this Item 2.02 and in the Press Release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the Press Release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be incorporated by reference into any filing with the Securities and Exchange Commission made by the Company whether made before or after the date hereof, except as expressly set forth by specific reference in such a filing.

 

The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant’s judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as “expects,” “should,” “will,” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.

 

Where You Can Find Additional Information

 

Investors and security holders will be able to obtain documents filed with the Securities and Exchange Commission free of charge at the Commission’s website, www.sec.gov. Security holders may also read and copy any reports, statements and other information filed by the Company with the Commission, at the SEC public reference room at 100 F Street, N.E., Washington D.C. 20549. Please call the Commission at 1-800-SEC-0330 or visit the Commission’s website for further information on its public reference room.

 

Item 9.01Financial Statements and Exhibits.

 

(d)Exhibits:

 

Exhibit No.    Description
99.1   Press Release issued on July 29, 2026.
     
101   Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

 

 -2- 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  HYPERSCALE DATA, INC.
   
   
Dated: July 29, 2026 /s/ Kenneth S. Cragun  
  Kenneth S. Cragun
  Chief Financial Officer

 

 

-3-

 

 

 

 

Exhibit 99.1

 

 

 

Hyperscale Data Announces Preliminary First Half 2026 Revenue Growth of Approximately 57% Year over Year; Reaffirms 2026 Revenue Guidance of $180 Million to $200 Million and Provides Preliminary 2027 Revenue Outlook Exceeding $300 Million

 

Management Expects to Provide Preliminary 2027 Adjusted EBITDA Guidance and Additional Financial and Operating Metrics During August 4 Conference Call

 

LAS VEGAS--(PR NEWSWIRE) – July 29, 2026 – Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced preliminary unaudited financial results for the six months ended June 30, 2026.

 

Based on preliminary results, the Company expects to report consolidated revenue for the first half of 2026 or approximately $80 million, an increase of approximately 57%, compared to approximately $51 million for the same period in 2025.

 

Reflecting the Company’s strong first-half performance and current operating outlook, Hyperscale Data continues to reaffirm its previously announced 2026 revenue guidance of $180 million to $200 million. The Company is also announcing preliminary 2027 revenue outlook of more than $300 million.

 

The Company’s preliminary 2027 revenue guidance reflects management’s current expectations based on existing operating assumptions, including anticipated growth across its Michigan AI data center campus, financial services platform and blockchain initiatives. Together, these strategic businesses are expected to increase the scale of the Company’s operations while supporting a larger base of recurring, higher-quality revenue. The outlook assumes continued execution of the Company’s strategic initiatives while recognizing that future results remain subject to customer deployments, financing activities, market conditions and the other factors.

 

The first half of 2026 represented an important operating milestone as the Company continued strengthening and expanding its operating platform. The majority of the year-over-year revenue growth was attributable to the reconsolidation of Gresham Worldwide, Inc.(“Gresham Worldwide”) and stronger contributions from the Company’s financial services business, Ault Lending, LLC. These results provide a stronger financial foundation as the Company continues executing its long-term growth strategy.

 

Preliminary 2027 Revenue Guidance Anticipated to Exceed $300 Million

 

Management believes this preliminary revenue outlook reflects the Company’s expanding operating platform and anticipated growth across its core strategic businesses. The Company intends to discuss the principal assumptions supporting this outlook during its August 4, 2026 conference call.

 

As previously announced, Hyperscale Data will host an investor conference call on Tuesday, August 4, 2026, during which management, including Milton “Todd” Ault III, Executive Chairman; William B. Horne, Chief Executive Officer; Kenneth S. Cragun, Chief Financial Officer; and Jay Looney, President of Alliance Cloud Services, LLC, the Company's indirect wholly owned subsidiary that operates the Company's data centers, will discuss the Company’s preliminary 2027 financial outlook, the principal assumptions supporting its revenue guidance, its long-term operating strategy and capital allocation priorities.

 

  
 

 

 

 

Management also expects to provide preliminary 2027 Adjusted EBITDA guidance, together with additional financial and operating metrics designed to provide investors with greater insight into the Company’s operating performance, capital allocation strategy and long-term financial objectives.

 

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated, “Our first-half results demonstrate the progress we have made strengthening Hyperscale Data’s operating platform. Revenue growth during the period was driven primarily by the reconsolidation of Gresham Worldwide and continued momentum within our financial services business, providing a solid foundation for our next phase of growth.

 

Looking ahead, we believe our Michigan AI data center campus, financial services platform and expanding blockchain initiatives position us to deliver meaningful revenue growth while creating opportunities to improve the quality of our earnings over time. We look forward to discussing our long-term financial outlook in greater detail during our August 4 conference call, including our preliminary 2027 Adjusted EBITDA guidance and additional operating metrics that we believe will provide investors with greater transparency into the Company’s expected financial performance and long-term value creation.”

 

William B. Horne, Chief Executive Officer of Hyperscale Data, added, “We believe Hyperscale Data is entering an exciting new phase of growth. Our existing operating businesses continue to perform well while our investments in AI infrastructure and blockchain technologies position the Company to capitalize on significant long-term opportunities. We look forward to providing investors with a deeper insight into our business model, operating performance and long-term strategy.”

 

Conference Call Information

Date: Tuesday, August 4, 2026

Time: 3:30 PM Pacific / 6:30 PM Eastern

Registration Link: https://us06web.zoom.us/webinar/register/WN_RIR6rnP8QKifuXnmceyRpw

 

The Company currently expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, on or about August 14, 2026.

 

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 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 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 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, 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.

 

Hyperscale Data Investor Contact:

IR@hyperscaledata.com or 1-888-753-2235

 

 

 

 

 

 

Filing Exhibits & Attachments

5 documents