{"success":true,"data":{"pressRelease":{"id":"166180","rtpr_id":"nPn7q0xFWa-20261012","ticker":"GPUS","exchange":"NYSE American","all_tickers":["GPUS"],"title":"Hyperscale Data Announces a Two Hundred Million Dollar Reduction in the Amount of Sales that May Be Made under the Sales Agreement Providing for Its Current ATM Offering","author":"PR Newswire","published_at":"2026-10-12T10:30:00.023Z","article_body":"Hyperscale Data Announces a Two Hundred Million Dollar Reduction in the Amount of Sales that May Be Made under the Sales Agreement Providing for Its Current ATM Offering\nPR Newswire\n\nLAS VEGAS, Oct. 12, 2026\n\nLAS VEGAS, Oct. 12, 2026 /PRNewswire/ -- Hyperscale Data, Inc.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=2315495636&u=https%3A%2F%2Fhyperscaledata.com%2F&a=Hyperscale+Data%2C+Inc.)\n(NYSE American: GPUS), an artificial intelligence (\"AI\") data center company\n(\"Hyperscale Data\" or the \"Company\"), today announced that it has amended the\nAt-the-Market (\"ATM\") Issuance Sales Agreement (the \"Agreement\"), dated June\n18, 2026, by and between the Company and Spartan Capital Securities, LLC, as\nsales agent (the \"Agent\"), reducing the aggregate amount that may be sold\npursuant to the Agreement from Three Hundred Million Dollars ($300,000,000) in\nshares of the Company's Class A common stock, par value $0.001 per share (the\n\"Common Stock\") to One Hundred Million Dollars ($100,000,000), including the\nshares of Common Stock that have been sold pursuant to the Agreement through\nan amendment to the Agreement (the \"Amendment\"). The Company has sold\n121,827,841 shares of Common Stock and raised approximately $49.8 million in\ngross proceeds, or approximately $0.41 per share, pursuant to the ATM.\n\n\"Based on our current capital plans, we do not believe the additional $200\nmillion of ATM capacity is currently necessary,\" said Will Horne, Chief\nExecutive Officer of Hyperscale Data. \"Reducing the size of the ATM reflects\nour commitment to disciplined capital management while preserving financial\nflexibility to support our AI data center strategy. We believe that our equity\nis significantly undervalued and this $200 million reduction will limit the\ndilution to our equity and is in the best interests of our stockholders. Our\nfocus remains on deploying capital prudently and building long-term value\nthrough the buildout of our Michigan AI data center (the \"Facility\") to\ninitially support the 20 megawatts of critical compute capacity of our\nneocloud customer. It is our intention to augment the Facility buildout costs\nwith debt financing and preliminary estimates on the existing buildout\nindicate that the Facility will support project debt financing between $100\nmillion to $150 million.\"\n\nThe Company may evaluate capital markets options in the future as appropriate\nand in the best interests of the Company and its stockholders.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of shares of the Common Stock\nin any state or other jurisdiction in which such offer, solicitation or sale\nwould be unlawful prior to registration or qualification under the securities\nlaws of any such state or other jurisdiction.\n\nFor more information on Hyperscale Data and its subsidiaries, Hyperscale Data\nrecommends that stockholders, investors and any other interested parties read\nHyperscale Data's public filings and press releases available under the\nInvestor Relations section at hyperscaledata.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=4025993264&u=https%3A%2F%2Fhyperscaledata.com%2F&a=hyperscaledata.com)\nor available at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=692537676&u=https%3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttp%253A%252F%252Fwww.sec.gov%26esheet%3D52731738%26newsitemid%3D20220526005296%26lan%3Den-US%26anchor%3Dwww.sec.gov%26index%3D3%26md5%3D71730248d1246129aacecb836b4f9383&a=www.sec.gov)\n.\n\nAbout Hyperscale Data, Inc.\n\nThrough Sentinum, Inc., Hyperscale Data owns and operates a data center at\nwhich it offers colocation and hosting services for the emerging AI ecosystems\nand other industries. Another of Hyperscale Data's wholly owned subsidiaries,\nAult Capital Group, Inc. (\"ACG\"), is a hybrid private equity firm and\noperating company that acquires, finances, builds and actively manages\nbusinesses across financial services, digital assets, industrial services,\nhospitality, defense technologies and other sectors.\n\nHyperscale Data currently expects the divestiture of ACG (the \"Divestiture\")\nto occur in 2027. Upon the occurrence of the Divestiture, the Company would be\nan owner and operator of data centers to support high-performance computing\nservices, as well as a holder of the digital assets and the third wholly owned\nsubsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture\noccurs, the Company will continue to provide, through ACG and its wholly and\nmajority-owned subsidiaries and strategic investments, mission-critical\nproducts that support a diverse range of industries, including an AI software\nplatform, equipment rental services, defense/aerospace, industrial, automotive\nand hotel operations. In addition, ACG is actively engaged in private credit\nand structured finance through Ault Lending, LLC, a licensed lending\nsubsidiary. Hyperscale Data's headquarters are located at 11411 Southern\nHighlands Parkway, Suite 190, Las Vegas, NV 89141.\n\nOn December 23, 2024, the Company issued one million (1,000,000) shares of a\nnewly designated Series F Exchangeable Preferred Stock (the \"Series F\nPreferred Stock\") to all common stockholders and holders of the Series C\nPreferred Stock on an as-converted basis. The Divestiture will occur through\nthe voluntary exchange of the Series F Preferred Stock for shares of Class A\nCommon Stock and Class B Common Stock of ACG (collectively, the \"ACG Shares\").\nThe Company reminds its stockholders that only those holders of the Series F\nPreferred Stock who agree to surrender such shares, and do not properly\nwithdraw such surrender, in the exchange offer through which the Divestiture\nwill occur, will be entitled to receive the ACG Shares and consequently be\nshareholders of ACG upon the occurrence of the Divestiture.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. These forward-looking statements\ngenerally include statements that are predictive in nature and depend upon or\nrefer to future events or conditions, and include words such as \"believes,\"\n\"plans,\" \"anticipates,\" \"projects,\" \"estimates,\" \"expects,\" \"intends,\"\n\"strategy,\" \"future,\" \"opportunity,\" \"may,\" \"will,\" \"should,\" \"could,\"\n\"potential,\" or similar expressions. Statements that are not historical facts\nare forward-looking statements. Forward-looking statements are based on\ncurrent beliefs and assumptions that are subject to risks and uncertainties.\n\nForward-looking statements speak only as of the date they are made, and the\nCompany undertakes no obligation to update any of them publicly in light of\nnew information or future events. Actual results could differ materially from\nthose contained in any forward-looking statement as a result of various\nfactors. More information, including potential risk factors, that could affect\nthe Company's business and financial results are included in the Company's\nfilings with the U.S. Securities and Exchange Commission, including, but not\nlimited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available\nat www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=2902322190&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov+)\nand on the Company's website at hyperscaledata.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=4025993264&u=https%3A%2F%2Fhyperscaledata.com%2F&a=hyperscaledata.com)\n.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/hyperscale-data-announces-a-two-hundred-million-dollar-reduction-in-the-amount-of-sales-that-may-be-made-under-the-sales-agreement-providing-for-its-current-atm-offering-302905292.html\n(https://www.prnewswire.com/news-releases/hyperscale-data-announces-a-two-hundred-million-dollar-reduction-in-the-amount-of-sales-that-may-be-made-under-the-sales-agreement-providing-for-its-current-atm-offering-302905292.html)\n\nSOURCE Hyperscale Data Inc.\n\n\n\nHyperscale Data Investor Contact:  IR@hyperscaledata.com or 1-888-753-2235\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1845972/Hyperscale-Data-Registered-Mark-Logo.jpg?id=OA3012098\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7q0xFWa-20261012","title":"Hyperscale Data Announces a Two Hundred Million Dollar Reduction in the Amount of Sales that May Be Made under the Sales Agreement Providing for Its Current ATM Offering","author":"PR Newswire","ticker":"GPUS","created":"2026-10-12T10:30:00.023Z","tickers":["GPUS"],"exchange":"NYSE American","article_body":"Hyperscale Data Announces a Two Hundred Million Dollar Reduction in the Amount of Sales that May Be Made under the Sales Agreement Providing for Its Current ATM Offering\nPR Newswire\n\nLAS VEGAS, Oct. 12, 2026\n\nLAS VEGAS, Oct. 12, 2026 /PRNewswire/ -- Hyperscale Data, Inc.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=2315495636&u=https%3A%2F%2Fhyperscaledata.com%2F&a=Hyperscale+Data%2C+Inc.)\n(NYSE American: GPUS), an artificial intelligence (\"AI\") data center company\n(\"Hyperscale Data\" or the \"Company\"), today announced that it has amended the\nAt-the-Market (\"ATM\") Issuance Sales Agreement (the \"Agreement\"), dated June\n18, 2026, by and between the Company and Spartan Capital Securities, LLC, as\nsales agent (the \"Agent\"), reducing the aggregate amount that may be sold\npursuant to the Agreement from Three Hundred Million Dollars ($300,000,000) in\nshares of the Company's Class A common stock, par value $0.001 per share (the\n\"Common Stock\") to One Hundred Million Dollars ($100,000,000), including the\nshares of Common Stock that have been sold pursuant to the Agreement through\nan amendment to the Agreement (the \"Amendment\"). The Company has sold\n121,827,841 shares of Common Stock and raised approximately $49.8 million in\ngross proceeds, or approximately $0.41 per share, pursuant to the ATM.\n\n\"Based on our current capital plans, we do not believe the additional $200\nmillion of ATM capacity is currently necessary,\" said Will Horne, Chief\nExecutive Officer of Hyperscale Data. \"Reducing the size of the ATM reflects\nour commitment to disciplined capital management while preserving financial\nflexibility to support our AI data center strategy. We believe that our equity\nis significantly undervalued and this $200 million reduction will limit the\ndilution to our equity and is in the best interests of our stockholders. Our\nfocus remains on deploying capital prudently and building long-term value\nthrough the buildout of our Michigan AI data center (the \"Facility\") to\ninitially support the 20 megawatts of critical compute capacity of our\nneocloud customer. It is our intention to augment the Facility buildout costs\nwith debt financing and preliminary estimates on the existing buildout\nindicate that the Facility will support project debt financing between $100\nmillion to $150 million.\"\n\nThe Company may evaluate capital markets options in the future as appropriate\nand in the best interests of the Company and its stockholders.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of shares of the Common Stock\nin any state or other jurisdiction in which such offer, solicitation or sale\nwould be unlawful prior to registration or qualification under the securities\nlaws of any such state or other jurisdiction.\n\nFor more information on Hyperscale Data and its subsidiaries, Hyperscale Data\nrecommends that stockholders, investors and any other interested parties read\nHyperscale Data's public filings and press releases available under the\nInvestor Relations section at hyperscaledata.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=4025993264&u=https%3A%2F%2Fhyperscaledata.com%2F&a=hyperscaledata.com)\nor available at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=692537676&u=https%3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttp%253A%252F%252Fwww.sec.gov%26esheet%3D52731738%26newsitemid%3D20220526005296%26lan%3Den-US%26anchor%3Dwww.sec.gov%26index%3D3%26md5%3D71730248d1246129aacecb836b4f9383&a=www.sec.gov)\n.\n\nAbout Hyperscale Data, Inc.\n\nThrough Sentinum, Inc., Hyperscale Data owns and operates a data center at\nwhich it offers colocation and hosting services for the emerging AI ecosystems\nand other industries. Another of Hyperscale Data's wholly owned subsidiaries,\nAult Capital Group, Inc. (\"ACG\"), is a hybrid private equity firm and\noperating company that acquires, finances, builds and actively manages\nbusinesses across financial services, digital assets, industrial services,\nhospitality, defense technologies and other sectors.\n\nHyperscale Data currently expects the divestiture of ACG (the \"Divestiture\")\nto occur in 2027. Upon the occurrence of the Divestiture, the Company would be\nan owner and operator of data centers to support high-performance computing\nservices, as well as a holder of the digital assets and the third wholly owned\nsubsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture\noccurs, the Company will continue to provide, through ACG and its wholly and\nmajority-owned subsidiaries and strategic investments, mission-critical\nproducts that support a diverse range of industries, including an AI software\nplatform, equipment rental services, defense/aerospace, industrial, automotive\nand hotel operations. In addition, ACG is actively engaged in private credit\nand structured finance through Ault Lending, LLC, a licensed lending\nsubsidiary. Hyperscale Data's headquarters are located at 11411 Southern\nHighlands Parkway, Suite 190, Las Vegas, NV 89141.\n\nOn December 23, 2024, the Company issued one million (1,000,000) shares of a\nnewly designated Series F Exchangeable Preferred Stock (the \"Series F\nPreferred Stock\") to all common stockholders and holders of the Series C\nPreferred Stock on an as-converted basis. The Divestiture will occur through\nthe voluntary exchange of the Series F Preferred Stock for shares of Class A\nCommon Stock and Class B Common Stock of ACG (collectively, the \"ACG Shares\").\nThe Company reminds its stockholders that only those holders of the Series F\nPreferred Stock who agree to surrender such shares, and do not properly\nwithdraw such surrender, in the exchange offer through which the Divestiture\nwill occur, will be entitled to receive the ACG Shares and consequently be\nshareholders of ACG upon the occurrence of the Divestiture.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. These forward-looking statements\ngenerally include statements that are predictive in nature and depend upon or\nrefer to future events or conditions, and include words such as \"believes,\"\n\"plans,\" \"anticipates,\" \"projects,\" \"estimates,\" \"expects,\" \"intends,\"\n\"strategy,\" \"future,\" \"opportunity,\" \"may,\" \"will,\" \"should,\" \"could,\"\n\"potential,\" or similar expressions. Statements that are not historical facts\nare forward-looking statements. Forward-looking statements are based on\ncurrent beliefs and assumptions that are subject to risks and uncertainties.\n\nForward-looking statements speak only as of the date they are made, and the\nCompany undertakes no obligation to update any of them publicly in light of\nnew information or future events. Actual results could differ materially from\nthose contained in any forward-looking statement as a result of various\nfactors. More information, including potential risk factors, that could affect\nthe Company's business and financial results are included in the Company's\nfilings with the U.S. Securities and Exchange Commission, including, but not\nlimited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available\nat www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=2902322190&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov+)\nand on the Company's website at hyperscaledata.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795294-1&h=4025993264&u=https%3A%2F%2Fhyperscaledata.com%2F&a=hyperscaledata.com)\n.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/hyperscale-data-announces-a-two-hundred-million-dollar-reduction-in-the-amount-of-sales-that-may-be-made-under-the-sales-agreement-providing-for-its-current-atm-offering-302905292.html\n(https://www.prnewswire.com/news-releases/hyperscale-data-announces-a-two-hundred-million-dollar-reduction-in-the-amount-of-sales-that-may-be-made-under-the-sales-agreement-providing-for-its-current-atm-offering-302905292.html)\n\nSOURCE Hyperscale Data Inc.\n\n\n\nHyperscale Data Investor Contact:  IR@hyperscaledata.com or 1-888-753-2235\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1845972/Hyperscale-Data-Registered-Mark-Logo.jpg?id=OA3012098\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-12T10:30:00.057871493Z","server_sent_at_ms":1791801000057},"received_at":"2026-10-12T10:30:00.110Z","source_url":"https://www.prnewswire.com/news-releases/hyperscale-data-announces-a-two-hundred-million-dollar-reduction-in-the-amount-of-sales-that-may-be-made-under-the-sales-agreement-providing-for-its-current-atm-offering-302905292.html"},"analysis":{"id":"154554","press_release_id":"166180","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["ATM executed at an average of ~$0.41 per share, indicating heavy dilution already taken at depressed prices","Heavy reliance on planned debt financing ($100-150M) for data center buildout remains subject to execution"],"eventType":"dilution","narrative":"Hyperscale Data amended its June 2026 ATM sales agreement with Spartan Capital, cutting maximum sales capacity from $300 million to $100 million.\n\nUnder the ATM to date, the company has sold 121.8 million Class A shares for roughly $49.8 million in gross proceeds, or about $0.41 per share.\n\nManagement framed the $200 million reduction as anti-dilutive, saying the equity is significantly undervalued, and noted plans to fund the Michigan AI data center buildout partly with $100-150 million of projected project debt financing.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"GPUS slashes ATM capacity by $200M -- management signals equity undervalued and pivots toward project debt for Michigan AI buildout."},"keyFigures":{"customDimensions":{"shares_sold_to_date":121827841,"gross_proceeds_to_date":"$49.8 million","atm_capacity_reduced_to":"$100,000,000","avg_sale_price_per_share":"$0.41","atm_capacity_reduced_from":"$300,000,000","estimated_project_debt_financing":"$100 million to $150 million"}},"quotedText":"We believe that our equity is significantly undervalued and this $200 million reduction will limit the dilution to our equity and is in the best interests of our stockholders.","namedEntities":{"people":[{"name":"Will Horne","role":"CEO"}],"products":[],"companies":[{"name":"Hyperscale Data, Inc.","ticker":"GPUS","relationship":"filer"},{"name":"Spartan Capital Securities, LLC","relationship":"ATM sales agent"},{"name":"Sentinum, Inc.","relationship":"subsidiary"},{"name":"Ault Capital Group, Inc.","relationship":"subsidiary (planned 2027 divestiture)"},{"name":"Omnipresent Robotics, LLC","relationship":"subsidiary"},{"name":"Ault Lending, LLC","relationship":"lending subsidiary"}],"dollarAmounts":[{"amount":"$300,000,000","context":"prior ATM aggregate capacity"},{"amount":"$100,000,000","context":"reduced ATM aggregate capacity"},{"amount":"$49.8 million","context":"gross proceeds raised under ATM to date"},{"amount":"$0.41","context":"approximate per-share ATM sale price"},{"amount":"$100 million to $150 million","context":"preliminary estimate of Facility project debt financing"}]},"materialImpact":{"score":2,"reasoning":"The company cut remaining ATM capacity by $200M, reducing potential future dilution to ~$50M of unsold capacity. Positive for existing holders but not an earnings or strategic event."},"tickerRelevance":{"others":[],"primary":"GPUS"},"globalImportance":22,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"ATM capacity reduction (anti-dilutive)","dilutionHistory":"121.8M shares already sold at ~$0.41","retailFavoriteBoost":"moderate -- micro-cap AI/data center theme"}},"event_type":"dilution","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Hyperscale Data amended its June 2026 ATM sales agreement with Spartan Capital, cutting maximum sales capacity from $300 million to $100 million.\n\nUnder the ATM to date, the company has sold 121.8 million Class A shares for roughly $49.8 million in gross proceeds, or about $0.41 per share.\n\nManagement framed the $200 million reduction as anti-dilutive, saying the equity is significantly undervalued, and noted plans to fund the Michigan AI data center buildout partly with $100-150 million of projected project debt financing.","key_figures":{"customDimensions":{"shares_sold_to_date":121827841,"gross_proceeds_to_date":"$49.8 million","atm_capacity_reduced_to":"$100,000,000","avg_sale_price_per_share":"$0.41","atm_capacity_reduced_from":"$300,000,000","estimated_project_debt_financing":"$100 million to $150 million"}},"named_entities":{"people":[{"name":"Will Horne","role":"CEO"}],"products":[],"companies":[{"name":"Hyperscale Data, Inc.","ticker":"GPUS","relationship":"filer"},{"name":"Spartan Capital Securities, LLC","relationship":"ATM sales agent"},{"name":"Sentinum, Inc.","relationship":"subsidiary"},{"name":"Ault Capital Group, Inc.","relationship":"subsidiary (planned 2027 divestiture)"},{"name":"Omnipresent Robotics, LLC","relationship":"subsidiary"},{"name":"Ault Lending, LLC","relationship":"lending subsidiary"}],"dollarAmounts":[{"amount":"$300,000,000","context":"prior ATM aggregate capacity"},{"amount":"$100,000,000","context":"reduced ATM aggregate capacity"},{"amount":"$49.8 million","context":"gross proceeds raised under ATM to date"},{"amount":"$0.41","context":"approximate per-share ATM sale price"},{"amount":"$100 million to $150 million","context":"preliminary estimate of Facility project debt financing"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-12T10:30:08.473Z","global_importance":22,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"ATM capacity reduction (anti-dilutive)","dilutionHistory":"121.8M shares already sold at ~$0.41","retailFavoriteBoost":"moderate -- micro-cap AI/data center theme"}},"durationMs":8351,"modelName":"glm-5.3-flashx"}}