Hyperscale Data does not currently intend to raise additional equity

Hyperscale Data (GPUS) announced that it does not currently intend to pursue additional equity offerings, given that it has entered into existing financing agreements whereby it expects to raise up to an additional $68M in preferred investments. These agreements, if completed in their entirety, would significantly bolster the Company’s capital position. To date, Ault & Company, a private holding company controlled by the Company’s Founder and Executive Chairman, has invested almost $51M in Hyperscale Data through multiple tranches of preferred stock, and has agreed to invest up to an additional $24M pursuant to the December 2024 securities purchase agreement providing for the purchase of up to $25M shares of Series G convertible preferred stock and associated warrants. Additionally, the Company recently entered into a separate securities purchase agreement with an institutional investor to sell up to $50M of Series B convertible preferred stock. The agreement provides for multiple tranche closings, offering the potential of ongoing access to capital aligned with the Company’s operational progress. To date, $5.7M of Series B Preferred has been purchased under this agreement. In February 2025, the Company announced that its indirect, wholly owned subsidiary Alliance Cloud Services, had reached an agreement in principle with its primary local utility to expand the Michigan facility’s available power from approximately 30 megawatts to 300 MW. The completion of this power upgrade is anticipated to take 44 months from execution of a formal letter of authorization between ACS and the utility, which is currently being negotiated. In addition, the Company also announced that ACS has reached an agreement in principle with the local natural gas utility to provide an additional 40 MW. The project is expected to be completed within 18 months of the execution of definitive agreements. Combined, this expansion would bring the total expected power capacity of the data center to approximately 340 MW, positioning Hyperscale Data to host large-scale AI and high-performance computing workloads. The Company intends to complete its previously announced separation from Ault Capital Group by the end of 2025. Following the separation, Hyperscale Data will operate as an independent, publicly traded infrastructure company focused on AI and digital asset compute solutions.