Ault group holds 52% Class A stake and 22% voting power in Hyperscale Data (NYSE: GPUS)

Rhea-AI Filing Summary

Ault & Company, Inc. and affiliates have filed Amendment No. 14 to their Schedule 13D on Hyperscale Data, Inc., disclosing very large economic exposure to the company’s Class A common stock. Ault & Company reports beneficial ownership of 493,762,908 Class A Shares, or 51.8% of that class on an as-converted basis, largely through convertible preferred stock and warrants. Milton C. Ault, III is deemed to beneficially own 495,555,929 Class A Shares, or 52.0% of the class, including options and shares held through Ault & Company. Based on 461,457,281 Class A Shares outstanding as of May 19, 2026, plus options that are exercisable within 60 days, the filing also details smaller option-based holdings by executives William B. Horne, Henry C. Nisser and Kenneth S. Cragun, each below 1% of the class. The amendment explains purchase prices and terms for Series C, G and H Convertible Preferred Stock, associated warrants, and 10-year stock options struck at $0.72 that vested beginning May 6, 2026.

Insights

Equity ownership and governance analyst

Ault & affiliates report majority economic stake in Hyperscale Data via convertibles and options.

The amendment shows Ault & Company beneficially owning 493,762,908 Class A Shares (51.8% of the class), mainly through Series C, G and H Convertible Preferred Stock and warrants. Milton C. Ault, III is deemed to beneficially own 495,555,929 Class A Shares (52.0%).

Despite this majority economic exposure to Class A, the filing notes that Ault & Company and Mr. Ault represent about 21.96% and 22.06% of total voting power, because Class B Shares carry 10 votes each and voting calculations for preferred stock use NYSE American rules. This distinguishes economic stake from aggregate voting control.

The document also quantifies the capital committed: $50,000,000 for 50,000 Series C Preferred shares and related warrants, $960,000 for 960 Series G shares and warrants, and $4,000,000 for 4,000 Series H shares. Future company filings may further describe how these instruments are managed over time.

Key Figures

Ault & Company beneficial ownership: 493,762,908 Class A Shares Milton C. Ault beneficial ownership: 495,555,929 Class A Shares Class A shares outstanding: 461,457,281 shares +5 more

8 metrics

Ault & Company beneficial ownership 493,762,908 Class A Shares As-converted Class A beneficially owned; 51.8% of class

Milton C. Ault beneficial ownership 495,555,929 Class A Shares As-converted Class A beneficially owned; 52.0% of class

Class A shares outstanding 461,457,281 shares Class A Shares outstanding as of May 19, 2026

Series C Preferred investment $50,000,000 50,000 Series C Preferred shares and related warrants cost

Series G Preferred investment $960,000 960 Series G Preferred shares and related warrants cost

Series H Preferred investment $4,000,000 4,000 Series H Preferred shares purchase price

Assumed conversion price $0.1155 per share Conversion price used to calculate as-converted Class A from preferred

Officer stock option strike price $0.72 per share Options expiring July 30, 2035 for Ault, Horne, Nisser, Cragun

Key Terms

beneficially owned, Series C Convertible Preferred Stock, Series G Convertible Preferred Stock, Series H Convertible Preferred Stock, +2 more

6 terms

beneficially owned financial

"As of the date hereof, Ault & Company may be deemed to beneficially own 493,762,908 Class A Shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Series C Convertible Preferred Stock financial

"432,900,430 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock"

Series C convertible preferred stock is a class of investment shares issued in a later private financing round that combine safety and upside: they usually pay ahead of ordinary shares if a company pays dividends or is sold, but can be converted into common stock to share in future growth. For investors this acts like a VIP ticket with a safety net—offering priority protection while preserving the option to participate in a successful exit.

Series G Convertible Preferred Stock financial

"8,311,688 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock"

A Series G convertible preferred stock is a specific class of preferred shares that gives its holders priority for dividends and claims on assets, plus the right to convert those shares into common stock under set terms. It matters to investors because it blends income and downside protection with the potential for upside — like holding a bond that can turn into stock — and conversion can dilute existing owners and change voting power and future returns.

Series H Convertible Preferred Stock financial

"34,632,035 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock"

restricted stock units financial

"The two (2) Class A Shares owned directly by Mr. Nisser were issued upon vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

senior secured convertible promissory note financial

"were issued in connection with a senior secured convertible promissory note in the principal face amount of $17.5 million"

A senior secured convertible promissory note is a formal IOU a company issues that is backed by specific assets (secured), given higher priority for repayment than other debts (senior), and can be exchanged for company shares instead of cash (convertible). For investors this means the loan is safer than unsecured debt because it has collateral and repayment priority, but it also carries the potential for dilution if the lender converts the note into equity — like holding a mortgage-backed IOU that can later be swapped for ownership stakes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 14)

Hyperscale Data, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

09715M804

(CUSIP Number)

Milton C. Ault, III
c/o Ault & Company, Inc., 11411 Southern Highlands Pkwy, Suite 190
Las Vegas, NV, 89141
949-444-5464

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/19/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 09715M804

1

Name of reporting person

Ault & Company, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 493,762,908.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 493,762,908.00

11

Aggregate amount beneficially owned by each reporting person

493,762,908.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

51.8 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Represents (i) 2,600,005 shares of class A common stock ("Class A Shares"), (ii) 14,679,698 shares of Class A Shares issuable upon conversion of 14,679,698 shares of class B common stock ("Class B Shares"), (iii) 432,900,430 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock, (iv) 8,311,688 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock, (v) 34,632,035 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock and (vi) 639,052 Class A Shares issuable upon exercise of outstanding warrants. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock are based upon a conversion price of $0.1155.

SCHEDULE 13D

CUSIP Number(s): 09715M804

1

Name of reporting person

AULT MILTON C III

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,793,021.00
8	Shared Voting Power 493,762,908.00
9	Sole Dispositive Power 1,793,021.00
10	Shared Dispositive Power 493,762,908.00

11

Aggregate amount beneficially owned by each reporting person

495,555,929.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

52.0 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) Sole voting power represents (i) 1,125,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days, (ii) 666,300 Class A Shares and (iii) 1,721 Class A Share issuable upon conversion of 1,721 Class B Shares. (2) Shared voting power represents (i) 2,600,005 Class A Shares held by Ault & Company, Inc. ("Ault & Company"), (ii) 14,679,698 shares of Class A Shares issuable upon conversion of 14,679,698 Class B Shares held by Ault & Company, (iii) 432,900,430 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock held by Ault & Company, (iv) 8,311,688 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock held by Ault & Company, (v) 34,632,035 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock held by Ault & Company and (vi) 639,052 Class A Shares issuable upon exercise of outstanding warrants held by Ault & Company. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock are based upon a conversion price of $0.1155.

SCHEDULE 13D

CUSIP Number(s): 09715M804

1

Name of reporting person

HORNE WILLIAM B

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,250,001.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,250,001.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,250,001.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents (i) 1,250,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days and (ii) one Class A Share issuable upon conversion of one Class B Share.

SCHEDULE 13D

CUSIP Number(s): 09715M804

1

Name of reporting person

NISSER HENRY CARL

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SWEDEN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 843,753.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 843,753.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

843,753.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents (i) 843,750 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days, (ii) two Class A Shares and (iii) one Class A Share issuable upon conversion of one Class B Share.

SCHEDULE 13D

CUSIP Number(s): 09715M804

1

Name of reporting person

CRAGUN KENNETH S

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 562,500.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 562,500.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

562,500.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 562,500 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.001 per share
(b)	Name of Issuer: Hyperscale Data, Inc.
(c)	Address of Issuer's Principal Executive Offices: 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS, NEVADA , 89141.
Item 1 Comment: This Amendment No. 14 ("Amendment No. 14") amends the statement on Schedule 13D originally filed by the Reporting Persons on October 12, 2021, as amended (the "Schedule 13D"), and relates to the Class A Shares Common Stock of HYPERSCALE DATA, INC. Except as specifically provided herein, this Amendment No. 14 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 14 shall have the meaning assigned to such term in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The two (2) Class A Shares owned directly by Mr. Nisser were issued upon vesting of restricted stock units awarded to him in his capacity as an officer and director of the Issuer. Two (2) Class A Shares owned directly by Mr. Ault were issued upon vesting of restricted stock units awarded to him in his capacity as an officer and director of the Issuer, and the aggregate purchase price of the other 666,298 Class A Shares beneficially owned by Mr. Ault that were purchased directly by Mr. Ault with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is approximately $264,097, including brokerage commissions. The Class B Shares owned by the Reporting Persons were issued as stock dividends by the Issuer. The aggregate purchase price of the 2,600,005 Class A Shares beneficially owned by Ault & Company that were purchased directly by Ault & Company with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is approximately $3,197,833, including brokerage commissions. The purchase price of the 50,000 shares of Series C Preferred Stock owned directly by Ault & Company, which are currently convertible into 432,900,430 Class A Shares, and warrants owned directly by Ault & Company, which are currently exercisable (or are exercisable within 60 days) into 422,337 Class A Shares, is $50,000,000. The purchase price of the 960 shares of Series G Preferred Stock owned directly by Ault & Company, which are currently convertible into 8,311,688 Class A Shares, and warrants owned directly by Ault & Company, which are currently exercisable into 162,217 Class A Shares, is $960,000. The purchase price of the 4,000 shares of Series H Preferred Stock owned directly by Ault & Company, which are currently convertible into 34,632,035 Class A Shares is $4,000,000. The remaining warrants owned directly by Ault & Company, which are currently exercisable into 54,498 Class A Shares, were issued in connection with a senior secured convertible promissory note in the principal face amount of $17.5 million, which was sold to Ault & Company by the Issuer, for $17.5 million (the "Senior Note"). The Senior Note was subsequently repaid. Messrs. Ault, Horne, Nisser and Cragun have been awarded stock options to purchase 2,000,000, 2,000,000, 1,500,000 and 1,000,000 Class A Shares, respectively, in their capacity as an officer of the Issuer, which have a strike price of $0.72 per share, expire on July 30, 2035. Fifty percent (50%) of these options vested and became exercisable on the date that receipt of approval of the option grants by the Issuer's stockholders and the NYSE American. Stockholder approval was obtained on April 10, 2026 and approval from the NYSE American was obtained on May 6, 2026, so May 6, 2026 was the date that these options vested and became exercisable. The remaining 50% vest in equal monthly increments over 24 months beginning June 1, 2026.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon (i) 461,457,281 Shares outstanding as of May 19, 2026, which is the total number of Shares outstanding as reported by the Issuer to the Reporting Persons, (ii) solely with respect to Messrs. Ault and Horne, 1,125,000 Shares underlying certain options held by him that are currently exercisable or become exercisable within 60 days, (iii) solely with respect to Mr. Nisser, 843,750 Shares underlying certain options held by him that are currently exercisable or become exercisable within 60 days and (iv) solely with respect to Mr. Cragun, 562.500 Shares underlying certain options held by him that are currently exercisable or become exercisable within 60 days. Based on the 461,457,281 Class A Shares, 23,959,244 Class B Shares, 3,000 shares of Series B Preferred Stock, 50,000 shares of Series C Preferred Stock, 960 shares of Series G Preferred Stock and 4,000 shares of Series H Preferred Stock outstanding as of May 19, 2026, as reported by the Issuer to the Reporting Persons, which represents all voting securities of the Issuer, Ault & Company and Mr. Ault's beneficial ownership of Shares represents 21.96% and 22.06%, respectively, of the Issuer's total voting power, which differs from the total beneficial ownership on conversion as (i) the Class B Shares are entitled to cast 10 votes for each share, compared to 1 vote for each Class A Share, and (ii) for purposes of complying with NYSE American regulations, the conversion price of the various shares of preferred stock, for purposes of determining the number of votes the holder is entitled to cast, is based on the closing sale price of the Class A Shares on the trading day immediately prior to the date of execution of the applicable securities purchase agreement. As of the date hereof, Ault & Company may be deemed to beneficially own 493,762,908 Class A Shares, consisting of (i) 2,600,005 Class A Shares, (ii) 14,679,698 shares of Class A Shares issuable upon conversion of 14,679,698 Class B Shares, (iii) 432,900,430 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock, (iv) 8,311,688 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock, (v) 34,632,035 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock and (vi) 639,052 Class A Shares issuable upon exercise of outstanding warrants. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Amendment No. 14, the calculations for the number of Class A Shares issuable upon conversion of the Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock are based upon a conversion price of $0.1155. Percentage: 51.8% As of the date hereof, Mr. Ault may be deemed to beneficially own 495,555,929 Class A Shares, consisting of (i) 1,125,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days, (ii) 666,300 Class A Shares beneficially owned directly (iii) 1,721 Class A Share issuable upon conversion of 1,721 Class B Shares beneficially owned directly and (iv) the 493,762,908 Class A Shares beneficially owned by Ault & Company, that, as the Chief Executive Officer and Chairman of A&C, Mr. Ault may be deemed to beneficially own. Percentage: 52.0% As of the date hereof, Mr. Horne beneficially owned 1,250,001 Class A Shares, consisting of (i) 1,250,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days and (ii) one Class A Share issuable upon conversion of one Class B Share. Percentage: Less than 1% As of the date hereof, Mr. Nisser beneficially owned 843,753 Class A Shares, consisting of (i) 843,750 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days, (ii) two Class A Shares and (iii) one Class A Share issuable upon conversion of one Class B Share. Percentage: Less than 1% As of the date hereof, Mr. Cragun beneficially owned 562,500 Class A Shares, representing Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days. Percentage: Less than 1%
(b)	Item 5(b) is hereby amended and restated as follows: Ault & Company: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 493,762,908 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 493,762,908 Mr. Ault: 1. Sole power to vote or direct vote: 1,793,021 2. Shared power to vote or direct vote: 493,762,908 3. Sole power to dispose or direct the disposition: 1,793,021 4. Shared power to dispose or direct the disposition: 493,762,908 Mr. Horne: 1. Sole power to vote or direct vote: 1,250,001 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,250,001 4. Shared power to dispose or direct the disposition: 0 Mr. Nisser: 1. Sole power to vote or direct vote: 843,753 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 843,753 4. Shared power to dispose or direct the disposition: 0 Mr. Cragun: 1. Sole power to vote or direct vote: 562,500 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 562,500 4. Shared power to dispose or direct the disposition: 0
(c)	Item 5(c) is hereby amended and restated as follows: None of the Reporting Persons have engaged in any transactions in the Shares during the past sixty days except as set forth in Exhibit 1 hereto.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1 - Transactions in Securities of the Issuer During the Past Sixty Days

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Ault & Company, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Chief Executive Officer
Date:	05/21/2026

AULT MILTON C III

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III
Date:	05/21/2026

HORNE WILLIAM B

Signature:	/s/ William B. Horne
Name/Title:	William B. Horne
Date:	05/21/2026

NISSER HENRY CARL

Signature:	/s/ Henry C. Nisser
Name/Title:	Henry C. Nisser
Date:	05/21/2026

CRAGUN KENNETH S

Signature:	/s/ Kenneth S. Cragun
Name/Title:	Kenneth S. Cragun
Date:	05/21/2026

FAQ

How much of Hyperscale Data’s Class A stock does Ault & Company report owning?

Ault & Company reports beneficial ownership of 493,762,908 Class A Shares, representing 51.8% of the Class A common stock on an as-converted basis. This total includes common shares, convertible preferred stock, and warrants as detailed in the filing.

What is Milton C. Ault, III’s reported beneficial ownership in Hyperscale Data (GPUS)?

Milton C. Ault, III is deemed to beneficially own 495,555,929 Class A Shares, or 52.0% of the Class A common stock. His position includes options, directly held shares, Class B conversions, and the 493,762,908 Class A Shares beneficially owned by Ault & Company.

How many Hyperscale Data shares were outstanding as of May 19, 2026?

The filing states there were 461,457,281 Class A Shares outstanding as of May 19, 2026. It also cites 23,959,244 Class B Shares and several series of preferred stock outstanding, which together represent all voting securities of the issuer.

What capital has Ault & Company invested in Hyperscale Data preferred stock and related warrants?

Ault & Company invested $50,000,000 in 50,000 shares of Series C Preferred and related warrants, $960,000 in 960 Series G shares and warrants, and $4,000,000 in 4,000 Series H Preferred shares, according to the ownership disclosure.

What are the key terms of Hyperscale Data’s Series C, G and H Convertible Preferred Stock?

Each series has a $1,000 stated value per share and converts into Class A stock at the greater of $0.10 or a formula tied to 105% of the ten-day volume-weighted average price, subject to individual caps such as $183.58, $6.74, and $0.79645.

What stock option awards to Hyperscale Data officers are described in this filing?

The filing notes options to purchase 2,000,000 Class A Shares each for Messrs. Ault and Horne, 1,500,000 for Mr. Nisser, and 1,000,000 for Mr. Cragun, all with a $0.72 strike price expiring on July 30, 2035 and vesting beginning May 6, 2026.