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  4. [8-K] Hyperscale Data, Inc. Reports Material Event

Hyperscale Data (NYSE American: GPUS) adds ~$30M Bitcoin-backed DeFi borrowing at 4.9%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hyperscale Data, Inc. implemented a Bitcoin-backed decentralized finance (DeFi) financing strategy, establishing access to an overcollateralized digital asset borrowing facility through the Morpho Protocol. The company pledges a portion of its Bitcoin treasury as collateral to borrow stablecoins or other digital assets at variable market-based rates.

As of August 2, 2026, Hyperscale Data had approximately $30 million outstanding under these Bitcoin-backed borrowings, secured by its Bitcoin holdings and bearing a current variable interest rate of approximately 4.9%. Proceeds are being used to fund development of its Michigan AI data center campus under a master services agreement with a leading AI-based neocloud provider, and for working capital and other general corporate purposes, while the company retains economic exposure to the pledged Bitcoin unless collateral is liquidated for failing collateral requirements.

Positive

  • None.

Negative

  • None.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Bitcoin-backed borrowings outstanding approximately $30 million Outstanding under Morpho Protocol as of August 2, 2026
Interest rate on Bitcoin-backed borrowings approximately 4.9% Current variable market-based rate on overcollateralized DeFi borrowings
Series D Preferred dividend rate 13.00% 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
Par value of Class A Common Stock $0.001 Par value per share of Class A Common Stock listed on NYSE American
overcollateralized digital asset borrowing facility financial
"established access to an overcollateralized digital asset borrowing facility through DeFi"
Morpho Protocol financial
"access to an overcollateralized digital asset borrowing facility through DeFi, using the Morpho Protocol"
decentralized finance financial
"Bitcoin-backed decentralized finance (“DeFi”) financing strategy"
Decentralized finance, often called DeFi, is a way of using digital technology to offer financial services like lending, borrowing, and trading without relying on traditional banks or institutions. It operates on open networks where anyone can participate, much like a digital marketplace that runs on shared computer systems. For investors, DeFi provides more direct control over their assets and access to financial activities outside conventional systems.
immutable smart contracts technical
"overcollateralized loans through immutable smart contracts, which are self-executing digital programs"
Cumulative Redeemable Perpetual Preferred Stock financial
"13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share"
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.

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

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FAQ

What new financing strategy did Hyperscale Data (GPUS) implement?
Hyperscale Data implemented a Bitcoin-backed DeFi financing strategy, using the Morpho Protocol to borrow stablecoins or other digital assets through an overcollateralized digital asset borrowing facility secured by a portion of its Bitcoin treasury at variable market-based interest rates.

How much Bitcoin-backed borrowing does Hyperscale Data (GPUS) have outstanding?
As of August 2, 2026, Hyperscale Data had approximately $30 million outstanding under its Bitcoin-backed borrowings through the Morpho Protocol. These borrowings are secured by Bitcoin holdings and subject to collateral maintenance requirements and liquidation thresholds.

What interest rate applies to Hyperscale Data’s (GPUS) Bitcoin-backed borrowings?
The Bitcoin-backed borrowings currently bear a variable interest rate of approximately 4.9%. This rate is market-based and applies to the overcollateralized loans obtained via the Morpho Protocol, which are secured by a portion of the company’s Bitcoin treasury.

How will Hyperscale Data (GPUS) use the proceeds from its DeFi borrowings?
Proceeds from the Bitcoin-backed borrowings are being used to support development of the Michigan AI data center campus under a master services agreement and to provide working capital and other general corporate purposes, while allowing continued ownership of the pledged Bitcoin.

Does Hyperscale Data (GPUS) keep exposure to its Bitcoin while borrowing?
Yes. Hyperscale Data retains economic exposure to its Bitcoin holdings pledged as collateral, unless that collateral is liquidated after a failure to meet collateral maintenance requirements and associated liquidation thresholds specified in the overcollateralized borrowing arrangement.

What is the Morpho Protocol used by Hyperscale Data (GPUS)?
The Morpho Protocol is described as a decentralized lending protocol that facilitates overcollateralized loans through immutable smart contracts, which are self-executing digital programs on a blockchain that automatically act when predetermined conditions are met.
false 0000896493 0000896493 2026-08-05 2026-08-05 0000896493 GPUS:ClassCommonStock0.001ParValueMember 2026-08-05 2026-08-05 0000896493 GPUS:Sec13.00SeriesDCumulativeRedeemablePerpetualPreferredStockParValue0.001PerShareMember 2026-08-05 2026-08-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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): August 5, 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:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-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 2.03CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

 

On August 3, 2026, Hyperscale Data, Inc., a Delaware corporation (the “Company”), announced that it has successfully implemented its Bitcoin-backed decentralized finance (“DeFi”) financing strategy, establishing the ability to borrow against its Bitcoin treasury at competitive and variable institutional financing rates through an overcollateralized digital asset borrowing arrangement.

 

More specifically, the Company has established access to an overcollateralized digital asset borrowing facility through DeFi, using the Morpho Protocol. Under this arrangement, the Company has pledged a portion of its Bitcoin holdings as collateral to borrow stablecoins or other digital assets. The borrowings are overcollateralized, bear variable market-based interest rates, and are subject to collateral maintenance requirements, including liquidation thresholds based on the value of the pledged collateral. The Company retains economic exposure to its Bitcoin holdings unless collateral is liquidated following a failure to satisfy applicable collateral requirements.

 

The Morpho Protocol is a decentralized lending protocol that facilitates overcollateralized loans through immutable smart contracts, which are self-executing digital programs stored on a blockchain that automatically take actions when predetermined criteria are met.

 

As part of this initiative, as of August 2, 2026, the Company had approximately $30 million outstanding under Bitcoin-backed borrowings obtained through the Morpho Protocol. The borrowings are secured by a portion of the Company’s Bitcoin holdings and bear a current variable interest rate of approximately 4.9%. The proceeds are being utilized to support the continued development of the Company’s Michigan AI data center campus pursuant to its previously announced master services agreement with a leading AI-based neocloud provider, as well as for working capital and other general corporate purposes, while allowing the Company to retain long-term ownership of the Bitcoin serving as collateral.

 

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

 

(d)Exhibits:

 

Exhibit No.    Description
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: August 5, 2026

/s/ Henry Nisser

Henry Nisser

President and General Counsel

 

 

-3-

 

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

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