Hyperscale Data launches $35.4 million preferred stock offering program

Hyperscale Data, Inc. (NYSE American: GPUS) announced an at-the-market equity offering program to sell shares of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock for aggregate gross proceeds of up to $35.4 million.

The AI data center company will offer the preferred stock shares through Wilson-Davis & Co., Inc., acting as sales agent. Sales may be conducted through ordinary brokers' transactions on the NYSE American or at prevailing market prices.

The company stated it intends to use a majority of net proceeds to acquire Bitcoin and potentially purchase precious metals including gold, silver and copper. A smaller portion will fund working capital and general corporate purposes, which may include repayment, refinancing, redemption or repurchase of future debt or capital stock.

The offering operates under a shelf registration statement that became effective on December 11, 2025. The shares are being offered through a prospectus and prospectus supplement filed with the Securities and Exchange Commission.

Hyperscale Data operates through its subsidiary Sentinum, Inc., which owns and operates a data center for digital asset mining and provides colocation and hosting services for AI ecosystems. The company also owns Ault Capital Group, Inc., a diversified holding company that the company expects to divest in the fourth quarter of 2026.

On December 23, 2024, Hyperscale Data issued one million shares of Series F Exchangeable Preferred Stock to common stockholders and Series C Preferred Stock holders. The planned divestiture of Ault Capital Group will occur through voluntary exchange of Series F Preferred Stock for shares in the subsidiary.

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