LAS VEGAS, Sept. 3, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today issued the following letter to its stockholders from its Founder and Executive Chairman, Milton “Todd” Ault III.
Dear Stockholders:
I want to be very clear: I believe Hyperscale Data is dramatically undervalued, and I do not believe the current market capitalization comes close to recognizing the value of the businesses, assets and opportunities that exist inside this Company.
I believe stockholders need to re-examine Hyperscale Data and look at what we own and operate.
This is not simply an AI data center company.
Yes, we have the Michigan AI data center (the “Facility”), and an executed master services agreement (the “MSA”) with a California-based neocloud provider (the “Customer”), which provides for the deployment of 20 megawatts (“MW”), has an initial term of 10 years with two five-year extension options that may be exercised by the Customer (collectively, the “Maximum Term”). If exercised for the Maximum Term, the MSA is expected to generate in excess of $1.2 billion in revenue. The MSA provides the Customer with a right to an additional 32 MW of critical AI compute capacity which, if exercised within the first two years of the initial term and continues through the two five-year extension options, is expected to result in total contract revenue in excess of $3.0 billion.
That opportunity alone is substantial.
But what I believe the market is missing is that the Facility is only one part of Hyperscale Data.
Hyperscale Data, through Ault Capital Group, Inc. (“ACG”) and its subsidiaries, also has a crane rental and industrial services business, hotel and real estate operations, defense businesses, a financial services platform, private credit and structured finance operations through Ault Lending, LLC (“Ault Lending”), digital assets and additional operating businesses and investments.
The current valuation does not adequately reflect the value of those businesses.
Look at the numbers.
Our defense segment generated approximately $23.8 million of revenue during the first six months of 2026, representing substantial year-over-year growth.
Our lending and trading activities, through Ault Lending, generated approximately $9.2 million of revenue during the first six months of 2026.
Our crane rental and industrial services business generated approximately $22.1 million of revenue during the first six months of 2026. Our hotel and real estate operations generated approximately $9.7 million of revenue during the same period.
These are real businesses. They have real assets. They generate real revenue. And in my opinion, the market is giving Hyperscale Data nowhere near appropriate credit for them.
The Company has publicly provided preliminary guidance for 2027 of $300 million to $350 million in consolidated revenue and $60 million to $80 million in adjusted earnings before interest, taxes, depreciation, and amortization.
Despite this, the public-market valuation today bears little relationship to the potential earnings power and underlying assets of this enterprise. Accordingly, I believe that stockholders should seriously re-examine Hyperscale Data; the disconnect is simply extraordinary.
I understand that markets determine prices. I also understand that management ultimately has to execute. We will be judged on that execution.
But at today’s valuation, I believe the market has fundamentally misunderstood what Hyperscale Data owns, what it is building and what this enterprise has the potential to become.
My response is not merely to talk about it.
Subject to applicable securities laws, Company trading policies, blackout periods and other legal restrictions, I intend to purchase shares in the open market when I am legally permitted to do so.
I am the Executive Chairman. Directly and through my affiliated entities, on an as-converted basis, I beneficially own a majority of the Company. I know these businesses. I know the assets. I know what our management teams are working to accomplish.
I believe Hyperscale Data is worth significantly more than the value the market is ascribing to it today.
Stockholders do not have to agree with me.
But I strongly encourage them to look again at the facts, look at the SEC filings, look at the businesses we own, look at the MSA and look at our publicly announced 2027 financial guidance.
I have done that analysis for myself and that is why I am buying.
Sincerely,
Milton “Todd” Ault III
Founder & Executive Chairman, Hyperscale Data, Inc.
This statement is not an offer to sell, or a solicitation of an offer to buy, any securities. Investors should review Hyperscale Data’s filings with the Securities and Exchange Commission before making any investment decision.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center that offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, 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 (the “Divestiture”) to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. 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 that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F 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 (collectively, the “ACG Shares”). The Company reminds its stockholders that only those 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.
Forward-Looking Statements
This press release 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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.
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SOURCE Hyperscale Data Inc.
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