Such figure doesn't include funds expended by Ault & Company or any of its affiliates in purchasing Hyperscale Data common stock in open market purchases. Ault & Company and its affiliates currently beneficially own approximately 62% of Hyperscale Data. For further details on Ault & Company's ownership of Hyperscale Data, please reference the Schedule 13D/A Amendment No. 19, filed with the U.S. Securities and Exchange Commission on September 15, 2026 by Ault & Company and its affiliates.
Ault & Company believes there is an extraordinary disconnect between Hyperscale Data's current public market valuation and the value of the assets and businesses owned by the Hyperscale Data.
Ault & Company believes the following Hyperscale Data assets and opportunities support its long-term investment thesis:
Michigan AI data center. Hyperscale Data has reported that it has invested more than $70 million into the Michigan facility owned and operated by its wholly owned subsidiary, Alliance Cloud Services, LLC ("ACS"). ACS has executed a master services agreement ("MSA") for an initial 20 megawatts ("MW") of critical artificial intelligence ("AI") compute capacity. The customer has the right to expand the deployment to a total of 52 MW.
Long-term contract potential. Hyperscale Data expects revenue from the initial 20 MW deployment to exceed $1.2 billion if the MSA remains in effect for its maximum 20-year term. If the customer exercises its expansion right and the additional capacity remains contracted for the applicable maximum term, total potential contract revenue could exceed $3.0 billion. The contemplated 52 MW deployment could represent less than 20% of the approximately 340 MW of total potential capacity that ACS believes can be ultimately available. Hyperscale Data has advised that the development of any capacity beyond the initial 20 MW covered by the MSA is subject to financing, regulatory approvals, engineering, utility agreements, infrastructure availability, customer demand and other conditions. There can be no assurance that additional capacity will be developed, financed, contracted or placed into service.
Potential value of the Michigan campus. Hyperscale Data management has stated that it presently believes the Michigan campus could support a valuation of approximately $750 million to $1.25 billion. Management of Hyperscale Data has set $750 million as the minimum valuation at which it presently believes a sale would merit serious consideration. The range is management's assessment, not an independent appraisal or an assurance that a transaction could occur at either amount.
Reported asset base. Hyperscale Data reported approximately $360 million of total assets as of June 30, 2026, reflecting its Michigan investment, operating businesses and other holdings.
Operating businesses and strategic assets. Hyperscale Data reported $34.8 million of consolidated revenue for the quarter ended June 30, 2026. Its interests include defense and aerospace, crane rental, hotels, commercial lending, blockchain technology and software, in addition to its Michigan AI data center.
Bitcoin and cash. As of September 13, 2026, Hyperscale Data reported approximately $51 million of Bitcoin, cash and restricted cash.
"We have committed substantial capital to Hyperscale Data because we believe in the value of what it owns and the opportunities ahead," said Mr. Ault, Chief Executive Officer of Ault & Company and Executive Chairman of Hyperscale Data. "The Michigan campus has an executed customer agreement, significant capital invested and the potential to expand. Management believes that the campus could support a valuation of $750 million to $1.25 billion. Beyond Michigan, Hyperscale Data has established operating businesses and other strategic assets. As its largest stockholder, Ault & Company, together with its affiliates, is focused on supporting Hyperscale in the work needed to develop these assets and demonstrate their value over time."
Ault & Company expects to continue evaluating additional investments in Hyperscale Data, including its right to purchase up to an additional $96 million of series H convertible preferred stock, subject to market conditions, applicable securities laws and other considerations. This press release is for informational purposes only and shall not constitute an offer to buy or sell common stock or any other securities.
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