Hyperscale Data has a high degree of confidence that a definitive agreement will be executed and expects to release additional details regarding the Prospective Customer, contract terms, anticipated scope of services and deployment schedule in the coming weeks.

The anticipated agreement would represent another important step in the Company's strategy to expand beyond traditional data center hosting and develop a vertically integrated AI infrastructure and neocloud services platform.

In June 2026, Hyperscale Data announced that it had entered into a 10-year master services agreement (the "MSA") with a California-based neocloud provider valued at approximately $1.2 billion. Expansion options contemplated within the MSA could increase the total potential contract value to more than $3.0 billion.

Will Horne, Chief Executive Officer of Hyperscale Data, stated, "While the anticipated agreement is not expected to be comparable in size to our recently announced MSA, it is strategically significant because Hyperscale Data expects to provide the neocloud services directly. This represents an important evolution of our business model as we move beyond providing data center capacity and begin delivering integrated AI compute, infrastructure and neocloud services."

Mr. Horne continued, "The prospective customer is headquartered in California and maintains operations around the world. We believe this opportunity demonstrates the quality of the customers engaging with Hyperscale Data and the growing demand for secure, scalable infrastructure supporting frontier AI models and AI applications."

The anticipated services are expected to include access to advanced computing infrastructure, AI data center capacity and related neocloud capabilities. The Company expects to provide further information after the definitive agreements have been completed.

Although the Company has a high degree of confidence that the agreements will be executed, there can be no assurance that definitive agreements will be entered into within the anticipated timeframe, or at all, or that any agreement will generate a particular amount of revenue.