[Form 4/A] Hyperscale Data, Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

Hyperscale Data, Inc. (GPUS) Form 4/A discloses insider purchases by Milton C. Ault III and Ault & Company, Inc., who are a director and reportable 10% owners. On 08/19/2025 Mr. Ault purchased 200 shares of common stock in open-market trades at a volume-weighted average price of $0.5991, increasing reported beneficial ownership to 800 shares. On 08/20/2025 additional open-market purchases totaled 11,550 shares at VWAPs of $0.5451 (1,550 shares) and $0.5724 (10,000 shares), bringing combined holdings to 2,350 direct and 19,249 indirect shares (the 19,249 are held by Ault & Company, Inc.). The filing also reports a disposal of 116 shares of Series D preferred stock. This amendment clarifies the filing is joint with Ault & Company and states no changes to the originally reported transactions.

Insights

Financial Analyst

TL;DR: Director and 10% owner increased common stock holdings via open-market purchases, signaling insider accumulation.

Milton C. Ault III and Ault & Company executed multiple open-market purchases on 08/19-08/20/2025 at VWAPs between $0.5451 and $0.5991. The cumulative reported increase includes 11,750 newly purchased common shares across two days and results in meaningful indirect ownership via Ault & Company (19,249 shares). Insider buying by a director and large shareholder can be interpreted as confidence in the issuer, though the absolute dollar amounts are modest. The amendment solely clarifies joint filing status.

Corporate Governance Expert

TL;DR: Amendment improves disclosure clarity; insider purchases raise governance attention but present no reported conflicts.

The Form 4/A corrects the reporting relationship to indicate a joint filing with Ault & Company, reducing potential ambiguity about beneficial ownership. Mr. Ault is reported as Executive Chairman and a director, and Ault & Company is treated as indirectly beneficial. The filing notes open-market acquisitions and a small preferred share disposal (116 shares). No other related-party transactions or deviations from Rule 10b5-1 are indicated in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

AULT MILTON C III

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyperscale Data, Inc. [ GPUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/21/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		P		200	A	$0.5991(1)	800	D
Common Stock	08/20/2025		P		1,550	A	$0.5451(2)	2,350	D
Common Stock	08/20/2025		P		10,000	A	$0.5724	19,249	I	By Ault & Company, Inc.(3)
13% Series D Cumulative Redeemable Perpetual Preferred Stock								116	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

AULT MILTON C III

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

1. Name and Address of Reporting Person^*

Ault & Company, Inc.

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The common stock was purchased by the reporting person in open market transactions on the transaction date, with a volume weighted average purchase price of $0.5991. The range of purchase prices on the transaction date was $0.5982 to $0.60 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

2. The common stock was purchased by the reporting person in open market transactions on the transaction date, with a volume weighted average purchase price of $0.5451. The range of purchase prices on the transaction date was $0.5401 to $0.5560 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

3. Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.

Remarks:

The original Form 4 filed on August 21, 2025 (the "Original Filing") is amended by this Form 4 amendment solely to indicate that the reporting person is filing jointly as a group with Ault & Co. No changes have been made to the transactions or holdings previously reported in the Original Filing. Mr. Ault, Chief Executive Officer of Ault & Co., is a director of the Issuer. For purposes of Section 16 of the Exchange Act, Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer.

	By: /s/ Milton C. Ault, III	08/25/2025
	By: /s/ Milton C. Ault, III, Chief Executive Officer	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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