Q1 2026 revenue jumps at Hyperscale Data (NYSE: GPUS) on Gresham and Ault Lending
Rhea-AI Filing Summary
Hyperscale Data, Inc. released preliminary, unaudited results showing strong top-line growth for the first quarter of 2026. The company expects consolidated revenue of approximately $43 million to $45 million, up about 72% to 80% from roughly $25.0 million in the first quarter of 2025.
Management attributes the anticipated increase mainly to its Gresham Worldwide and Ault Lending subsidiaries. Gresham contributed about $10 million of revenue after emerging from bankruptcy in late 2025, while Ault Lending is expected to add about $10 million of high-margin revenue, which is described as enhancing overall profitability.
The company reiterates its strategy to build AI-focused data center infrastructure while preparing 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, positioning the business to focus more directly on data centers and digital assets.
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Insights
Preliminary Q1 2026 revenue accelerates sharply, driven by Gresham and high‑margin Ault Lending.
Hyperscale Data expects Q1 2026 revenue of $43M–$45M, roughly 72%–80% above the prior year’s $25.0M. This is a substantial step-up, with approximately $10M from Gresham post‑bankruptcy and another $10M from higher‑margin Ault Lending activities.
The mix shift toward high‑margin lending revenue supports management’s comments about improving profitability, but that same segment includes trading gains and losses on equity securities, which the company notes have caused and will continue to cause significant earnings volatility.
Strategically, the reminder about the planned Q2 2027 divestiture of Ault Capital Group via exchange of Series F Preferred Stock into ACG shares underlines a longer‑term move toward a more focused AI data‑center and digital‑asset model, with current diversification still influencing financial results until the separation occurs.
8-K Event Classification
Key Figures
Key Terms
preliminary financial information financial
Cumulative Redeemable Perpetual Preferred Stock financial
forward-looking statements regulatory
Series F Exchangeable Preferred Stock financial
Divestiture financial
net gains on equity securities financial
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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| Item 2.02 | Results of Operations and Financial Condition. |
On April 7, 2026, Hyperscale Data, Inc. (the “Company”) issued a press release announcing its unaudited preliminary financial information for the three months ended March 31, 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 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits: |
| Exhibit No. | Description | |
| 99.1 | Press Release issued on April 7, 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). |
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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: April 7, 2026 | /s/ Kenneth S. Cragun | |
| Kenneth S. Cragun | ||
| Chief Financial Officer | ||
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Exhibit 99.1
Hyperscale Data, Inc. Announces Preliminary Q1 2026 Revenue of $43 Million to $45 Million, Reflecting Approximately 72% to 80% Year-Over-Year Growth
LAS VEGAS--(PR NEWSWIRE) – April 7, 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 consolidated revenue for the first quarter ended March 31, 2026.
The Company expects to report consolidated revenue in the range of approximately $43 million to $45 million for the first quarter of 2026, representing an increase of approximately 72% to 80% compared to revenue of approximately $25.0 million for the first quarter of 2025.
The anticipated increase in revenue was driven by the Company’s Gresham Worldwide, Inc. (“Gresham”) and Ault Lending, LLC (“Ault Lending”) subsidiaries. The current quarter includes approximately $10 million of revenue attributable to Gresham following its emergence from bankruptcy in the fourth quarter of 2025, which was not included in the prior year comparable period. Additionally, the Company expects to generate approximately $10 million of high-margin revenue from its Ault Lending business during the quarter, further enhancing overall profitability and reinforcing the Company’s strategic focus on capital-efficient revenue sources.
William B. Horne, Chief Executive Officer of Hyperscale Data, commented, “Our preliminary first quarter results reflect strong execution across our diversified platform, with meaningful contributions from the reemergence of Gresham and continued strength in Ault Lending. We are particularly encouraged by the growth in higher-margin revenue streams, which we believe positions us well to drive improved profitability going forward. As we continue to build out our AI infrastructure capabilities, we expect these initiatives to become a more meaningful contributor in future periods.”
The preliminary financial results presented in this press release are based on the Company’s current expectations and may be adjusted as part of the completion of its quarterly financial closing procedures. The Company expects to report its full financial results for the first quarter of 2026 in May 2026. Revenues from Ault Lending’s trading activities include net gains on equity securities, including unrealized gains and losses from market price changes. These gains and losses have caused, and will continue to cause, significant volatility in periodic earnings relating to such reporting segment.
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 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.
Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235