Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence data center company, announced that as of November 8, 2026, it had sold all of its remaining Bitcoin reserves at approximately USD 76,000 per Bitcoin. The company sold approximately 211.56 Bitcoin and received gross proceeds of approximately USD 16.0 million.

Final Bitcoin Sale Completed

The announcement, issued November 10, 2026, marks the end of a liquidation process that began in late July of 2026, when the Company initially sold a portion of its Bitcoin reserve. Since that time, Hyperscale Data has sold approximately 1,113 Bitcoin for approximate proceeds of $74.4 million in total.

The proceeds from the sales are being used to pay down debt and fund the continued development of the company's Michigan AI data center.

Executive Focus on Michigan Energization

Will Horne, Chief Executive Officer of Hyperscale Data, framed the sales in terms of the Company's most immediate operational goal.

"Our highest priority is to energize the first 10 megawatts of critical IT capacity at our Michigan data center in December," Horne said. "We believe bringing that capacity online is our quickest path to profitability."

Horne added that the Bitcoin sales serve a dual purpose for the Company. "Selling our Bitcoin reserves reduces our exposure to Bitcoin price swings and gives us cash to pay down debt and fund the work in Michigan. We believe that's the best use of this capital for all our stockholders."

Mining Operations Continue in Montana

While the Company has eliminated its Bitcoin reserves from its balance sheet, it has not exited the digital asset business entirely. Hyperscale Data continues to mine Bitcoin at its Montana mining site.

Going forward, the Company expects any Bitcoin it holds on its balance sheet to come primarily from its own mining operations, rather than from purchases or reserves accumulated through other means.

Upcoming Quarterly Report and Rescheduled Investor Day

The Company expects to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, on or before Monday, November 23.

In light of the recently announced proposed exchange offer for its Class A common stock, referred to as the Exchange Offer, the Company also expects to move its virtual Investor Day from November 12 to November 23. Management expects to update investors at that time on debt reduction and progress toward the December energization target at the Michigan facility.

Company Structure and Planned Divestiture

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for emerging AI ecosystems and other industries.

Another wholly owned subsidiary, Ault Capital Group, Inc. (ACG), is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers supporting high-performance computing services, as well as a holder of digital assets and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC.

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 supporting a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. ACG is also actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary.

The Divestiture is structured through a series of preferred stock exchanges. On December 23, 2024, the Company issued one million shares of a newly designated Series F Exchangeable 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.

The Company reminded stockholders that only 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.

Company Background

Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141. The Company's announcement notes that it 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, and that actual results could differ materially from any forward-looking statements.

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