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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), an AI data center company with Bitcoin operations, announced Thursday that its estimated total assets of $330 million equate to approximately $1.02 per share of Class A common stock, while its estimated net assets of $150 million represent about $0.47 per share. The company currently trades at a Price to Book ratio of 13.73, according to InvestingPro data.
The company reported that its cash and Bitcoin holdings totaled $122 million as of October 31, representing 37% of its total assets and 97% of its market capitalization. The company’s stock has recently traded below $0.35 per share. InvestingPro data shows GPUS shares have fallen over 95% in the past year, with a current market capitalization of approximately $76 million. The company’s current ratio of 0.31 indicates short-term obligations exceed liquid assets.
During October, Hyperscale Data invested $16 million to upgrade its Bitcoin mining operations with 4,092 next-generation Bitmain S21+ miners. The company also reduced its outstanding debt obligations by more than $30 million year-to-date. Despite this reduction, InvestingPro analysis indicates the company still operates with a significant debt burden, with a debt-to-equity ratio of 20.71.
"Our balance sheet continues to strengthen as we expand our Bitcoin treasury, upgrade our mining fleet with the newest S21+ miners, and build out our AI-optimized data center infrastructure," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, in the press release.
Hyperscale Data expects to divest its subsidiary Ault Capital Group, Inc. in the second quarter of 2026, after which it would focus exclusively on data center operations and digital asset holdings.
The financial estimates reflect the company’s preliminary, unaudited financial position as of September 30, updated with subsequent adjustments through October 31. These figures have not been reviewed or audited by the company’s independent registered public accounting firm. The company’s overall financial health score is rated as "WEAK" by InvestingPro, which also indicates GPUS was not profitable over the last twelve months, with an EBITDA of -$11.52 million.
In other recent news, Hyperscale Data, Inc. completed a $125 million at-the-market equity offering, selling 255,490,454 shares of Class A common stock. The company plans to use the funds to enhance its balance sheet and support growth initiatives. Additionally, Hyperscale Data’s Bitcoin treasury has grown significantly, reaching approximately $73.5 million, which accounts for about 61% of its market capitalization. This increase includes 40.2189 Bitcoin generated from mining operations and 194.4968 acquired through open market purchases.
The company also announced the acquisition of 2,000 new Bitmain S21 Pro Bitcoin miners, expected to double its Bitcoin mining production capacity. These new miners will replace older models at the company’s Michigan data center. The recent developments are part of Hyperscale Data’s broader strategy to accumulate Bitcoin equal to 100% of its market capitalization, aligning with its $100 million digital asset treasury plan. The company’s Bitcoin holdings have grown by 30% in just one week, emphasizing its commitment to this strategy.
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