[SCHEDULE 13G] Hyperscale Data, Inc. Passive Investment Disclosure (>5%)
Hyperscale Data gets 5.5% stake from SJC Lending
Hyperscale Data, Inc. (GPUS) reports that SJC Lending, LLC and its sole member, Steven J. Caspi, have filed as beneficial owners of Class A Common Stock.
Hyperscale Data, Inc. (GPUS) reports that SJC Lending, LLC and its sole member, Steven J. Caspi, have filed as beneficial owners of Class A Common Stock. As of the close of business on the reporting date, SJC beneficially owned 10,389,404 shares of Class A Common Stock, including 389,404 shares issuable upon conversion of 389,404 Class B shares, which carry 10 votes per share. Based on 187,077,596 Class A shares outstanding as of September 14, 2026 plus the convertible shares, SJC and Mr. Caspi each report beneficial ownership of 5.5% of the Class A Common Stock, with shared voting and dispositive power over all 10,389,404 shares and no sole voting or dispositive power.
Positive
None.
Negative
None.
Key Figures
Shares beneficially owned:10,389,404 sharesBeneficial ownership percentage:5.5%Shares outstanding:187,077,596 shares+3 more
6 metrics
Shares beneficially owned10,389,404 sharesClass A Common Stock beneficially owned by SJC Lending, LLC as of the reporting date
Beneficial ownership percentage5.5%Portion of Hyperscale Data Class A Common Stock beneficially owned by each Reporting Person
Shares outstanding187,077,596 sharesClass A Common Stock outstanding as of September 14, 2026, used for ownership calculation
Convertible Class B Shares389,404 sharesClass B shares held by SJC Lending, LLC, convertible into 389,404 Class A shares
Class B voting rights10 votes per shareVoting entitlement of each Class B share referenced in the ownership disclosure
Shared voting and dispositive power10,389,404 sharesShares over which the Reporting Persons have shared voting and dispositive power
Key Terms
beneficially owned, Class B Shares, shared voting power, shared dispositive power, +1 more
5 terms
beneficially ownedfinancial
"SJC beneficially owned 10,389,404 Shares, including 389,404 Shares issuable"
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.
Class B Sharesfinancial
"389,404 Shares issuable upon conversion of 389,404 shares of class B common"
Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.
shared voting powerfinancial
"Shared Voting Power 10,389,404.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 10,389,404.00"
percent of classfinancial
"As of the close of business on the date hereof, SJC beneficially owned 5.5% of the outstanding Shares"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the new significant shareholder of Hyperscale Data, Inc. (GPUS)?
The filing identifies SJC Lending, LLC as the beneficial owner of Hyperscale Data, Inc. Class A Common Stock, with Steven J. Caspi reporting as the sole member of SJC and therefore also deemed to beneficially own the same shares.
How many Hyperscale Data (GPUS) shares do SJC Lending and Steven J. Caspi beneficially own?
SJC Lending, LLC beneficially owns 10,389,404 shares of Hyperscale Data Class A Common Stock, including 389,404 shares issuable upon conversion of 389,404 Class B shares. Steven J. Caspi, as sole member of SJC, may be deemed to beneficially own the same 10,389,404 shares.
What percentage of Hyperscale Data (GPUS) Class A stock is owned by SJC Lending and Steven J. Caspi?
SJC Lending, LLC and Steven J. Caspi each report beneficial ownership of 5.5% of Hyperscale Data’s outstanding Class A Common Stock, calculated based on 187,077,596 shares outstanding as of September 14, 2026 plus 389,404 Class A shares issuable upon conversion of Class B shares.
How is the 5.5% ownership in Hyperscale Data (GPUS) calculated?
The 5.5% ownership is based on 187,077,596 Class A shares outstanding as of September 14, 2026, as reported to the filing parties, plus 389,404 Class A shares issuable upon conversion of 389,404 Class B shares held by SJC Lending, LLC.
What voting rights are associated with the Class B shares related to SJC Lending’s Hyperscale Data (GPUS) position?
The 389,404 Class B shares held by SJC Lending, LLC are convertible into 389,404 Class A shares and are entitled to cast 10 votes for each share, giving them greater voting power than a single Class A share before conversion.
Do SJC Lending and Steven J. Caspi have sole or shared voting power over Hyperscale Data (GPUS) shares?
They report 0 shares with sole voting or dispositive power and 10,389,404 shares with shared voting and shared dispositive power, meaning decisions over those shares are exercised jointly as described in the filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Hyperscale Data, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.001 per share
(Title of Class of Securities)
09175M879
(CUSIP Number)
09/04/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
09175M879
1
Names of Reporting Persons
SJC Lending, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,389,404.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,389,404.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,389,404.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
09175M879
1
Names of Reporting Persons
CASPI STEVEN
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,389,404.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,389,404.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,389,404.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Hyperscale Data, Inc.
(b)
Address of issuer's principal executive offices:
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS, NV 89141
Item 2.
(a)
Name of person filing:
This Schedule 13G is filed by:
(i) SJC Lending, LLC, a Delaware limited liability company ("SJC"), with respect to the shares of Class A Common Stock, par value $0.001 per share, of the Issuer (the "Shares") beneficially owned by it; and
(ii) Steven J. Caspi, as Sole Member of SJC.
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is 120 Bloomingdale Road, White Plains, NY 10605.
(c)
Citizenship:
SJC is organized under the laws of the State of Delaware. Mr. Caspi is a citizen of the United States of America.
(d)
Title of class of securities:
Class A Common Stock, par value $0.001 per share
(e)
CUSIP Number(s):
09175M879
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on the date hereof, SJC beneficially owned 10,389,404 Shares, including 389,404 Shares issuable upon conversion of 389,404 shares of class B common stock of the Issuer ("Class B Shares"). The Class B Shares are entitled to cast 10 votes for each share.
Mr. Caspi, as Sole Member of SJC, may be deemed to beneficially own the 10,389,404 Shares beneficially owned by SJC.
(b)
Percent of class:
The aggregate percentage of Shares reported beneficially owned by the Reporting Persons is based upon 187,077,596 Shares outstanding as of September 14, 2026, which is the total number of Shares outstanding as reported by the Issuer to the Reporting Persons, and 389,404 Shares issuable upon conversion of 389,404 Class B Shares.
As of the close of business on the date hereof, SJC beneficially owned 5.5% of the outstanding Shares.
Mr. Caspi, as Sole Member of SJC, may be deemed to beneficially own the 5.5% of the outstanding Shares beneficially owned by SJC.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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.
