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GPUS

Hyperscale Data, Inc.

GPUS

Hyperscale Data, Inc. • NYSE
$0.30 ▼ -9.25% (-0.03)
Market Cap $33.00 M
52w High $9.98
52w Low $0.20
Dividend Yield 0%
P/E 0.18
Volume 28.79M
Outstanding Shares 109.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.328M ▼ $20.322M ▲ $-13.013M ▲ -53.49% ▲ $-0.39 ▲ $-5.13M ▼
Q2-2025 $25.856M ▲ $16.254M ▲ $-19.051M ▼ -73.681% ▼ $-2.66 ▼ $-5.025M ▼
Q1-2025 $25.021M ▲ $11.667M ▲ $-4.205M ▼ -16.806% ▼ $-0.98 ▲ $4.75M ▲
Q4-2024 $19.443M ▼ $10.406M ▼ $-445K ▲ -2.289% ▲ $-1.61 ▲ $-304K ▲
Q3-2024 $31.061M $33.14M $-25.549M -82.254% $-24.85 $-16.133M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $75.284M ▲ $242.394M ▲ $184.665M ▼ $55.914M ▲
Q2-2025 $26.613M ▲ $213.501M ▼ $205.605M ▼ $5.511M ▼
Q1-2025 $24.057M ▼ $218.549M ▼ $211.759M ▼ $6.31M ▼
Q4-2024 $25.348M ▲ $220.766M ▼ $218.676M ▼ $8.636M ▲
Q3-2024 $22.663M $231.493M $228.444M $2.728M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-13.013M ▲ $-17.499M ▼ $-10.603M ▼ $48.789M ▲ $20.433M ▲ $-20.306M ▼
Q2-2025 $-17.338M ▼ $-3.047M ▲ $-1.16M ▲ $6.899M ▲ $2.643M ▲ $-3.444M ▲
Q1-2025 $-4.723M ▼ $-3.959M ▲ $-1.171M ▼ $4.714M ▲ $-410K ▼ $-6.839M ▲
Q4-2024 $-3.531M ▲ $-9.188M ▼ $15.033M ▲ $3.256M ▼ $9.573M ▲ $-9.254M ▼
Q3-2024 $-28.41M $3.709M $-8.052M $3.77M $-1.366M $2.844M

Five-Year Company Overview

Income Statement

Income Statement Revenue is still very small and has moved around rather than showing a smooth growth path. The business does manage to produce a positive gross margin, but operating results are firmly in the loss-making zone and have been that way for years. Losses did narrow most recently compared with the prior couple of years, but they are still meaningful relative to the size of the company. The extreme swings in reported earnings per share mostly reflect repeated reverse stock splits rather than underlying business strength.

Balance Sheet

Balance Sheet The balance sheet is thin and heavily constrained. Total assets are modest, cash on hand is very limited, and debt makes up a large share of the capital structure. Equity has been eroded over time by ongoing losses, leaving a relatively small cushion to absorb setbacks. This combination points to tight financial flexibility and a likely reliance on continued financing or asset sales to support the strategy.

Cash Flow

Cash Flow The company has not yet shown a pattern of self-funding its operations from cash generated by the business. Operating cash flow hovers around break-even but tends to be slightly negative, which means the core operations are not yet paying their own way. Free cash flow is consistently negative because the company is spending on capital projects, especially data centers. This reflects a classic “investment phase” profile, but it also raises funding risk if external capital becomes harder to access.

Competitive Edge

Competitive Edge Hyperscale Data is trying to carve out a niche at the intersection of AI data centers and Bitcoin mining, using its Michigan and Montana facilities as key physical anchors. Owning and expanding a power-heavy data center campus does create a barrier to entry, but the company is up against very large, well-funded cloud and infrastructure competitors. The added Bitcoin treasury strategy introduces a distinctive angle but also ties the company’s perceived strength to a volatile asset. Overall, the competitive position is emerging but not yet proven, and execution against larger rivals will be critical.

Innovation and R&D

Innovation and R&D Innovation is focused more on how existing technologies are packaged and deployed than on deep, proprietary research. The planned NVIDIA GPU cloud offering, AI-optimized data center operations, Bitcoin mining, the askROI app, and a future decentralized exchange are all ambitious but mostly rely on established technologies. The main novelty lies in combining AI compute, digital assets, and software tools under one umbrella. Many of the flagship initiatives, especially the GPU cloud and DEX, are still future commitments with launch dates out in 2026, so there is significant execution and timing risk.

Summary

Hyperscale Data is in the middle of a major strategic pivot toward AI infrastructure and digital assets, with a bold vision but early-stage financial and operating results. The income statement shows a small business still generating losses, the balance sheet is stretched, and cash flows are negative due to heavy investment. The company does have tangible assets in the form of data centers and a differentiated, hybrid strategy built around GPUs and Bitcoin, but it competes in intensely capital-intensive and volatile markets. Future value will depend heavily on successful build-out and customer adoption of the AI data center and cloud services, disciplined balance sheet management, and how the Bitcoin strategy plays out over time.

NEWS

November 25, 2025 · 6:00 AM UTC

Hyperscale Data Bitcoin Treasury at Approximately $70.5 Million

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November 24, 2025 · 6:00 AM UTC

Hyperscale Data Joins the Global Top 100 Public Bitcoin Treasury Companies with Current Holdings of Approximately 382 Bitcoin

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November 18, 2025 · 4:30 PM UTC

Hyperscale Data Declares Monthly Cash Dividend of $0.2708333 per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

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November 18, 2025 · 6:00 AM UTC

Hyperscale Data Bitcoin Treasury At Approximately $72.5 Million Representing Approximately 94% of Market Capitalization

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November 17, 2025 · 6:00 AM UTC

Hyperscale Data Releases Early Bitcoin Update in Light of Market Volatility; the Company Purchased Approximately $6 Million of Bitcoin during November 10-14, 2025

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