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Hyperscale Data (GPUS) investor relations material
Hyperscale Data Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported total revenue of $102.1 million for 2025, a 4% decrease from 2024, with a net loss attributable to common stockholders of $75.0 million, compared to a net loss of $61.5 million in 2024.
Major business segments include Sentinum (crypto asset mining), Energy (crane operations), AGREE (hotel operations), TurnOnGreen (electronics/EV charging), Gresham (defense electronics), Fintech (lending/trading), and ROI (AI software platform).
The company is transitioning its data centers from Bitcoin mining to high-performance computing (HPC) and AI workloads, with a focus on expanding its Michigan Facility for enterprise AI and digital asset treasury activities.
Significant capital was raised through equity and preferred stock offerings, convertible notes, and asset sales, supporting ongoing operations and strategic investments.
Financial highlights
Total revenue: $102.1 million in 2025, down from $106.7 million in 2024.
Net loss attributable to common stockholders: $75.0 million in 2025, compared to $61.5 million in 2024.
Gross profit: $21.6 million in 2025 (21% margin), down from $24.2 million in 2024 (23% margin).
Cash and cash equivalents (including restricted cash): $49.2 million at year-end 2025, up from $25.0 million at year-end 2024.
Significant impairment charges: $3.0 million on oil and gas properties in 2025; $10.5 million on crypto mining equipment and $9.2 million on hotel assets in 2024.
Segment revenue: Sentinum (crypto mining) $21.3 million, Energy (crane) $45.5 million, AGREE (hotel) $19.0 million, TurnOnGreen $7.2 million, Gresham $3.4 million, Fintech $1.7 million.
Outlook and guidance
The company expects continued losses in 2026, particularly as it transitions Sentinum’s operations to HPC and AI, with profitability dependent on successful customer acquisition and cost management.
Plans to divest Ault Capital by Q2 2027, focusing future operations on data centers, digital assets, and AI infrastructure.
Ongoing capital expenditures anticipated for Michigan Facility expansion and AI/robotics initiatives.
- 2024 saw a strategic pivot to AI/HPC, ongoing losses, and major governance and capital structure changes.GPUS
Proxy filing16 Apr 2026 - Equity line offers up to $37.5M in Series D Preferred Stock, funding a shift to AI and HPC services.GPUS
Registration filing16 Apr 2026 - Annual meeting to vote on directors, compensation, equity plans, and major capital transactions.GPUS
Proxy filing16 Apr 2026 - Transitioning to AI data centers, the company seeks $50M in capital, with high dilution risk.GPUS
Registration filing16 Apr 2026 - Transitioning from Bitcoin mining to AI/HPC, raising up to $50M via convertible preferred stock.GPUS
Registration filing16 Apr 2026 - Approval is sought for major conversions of preferred stock and notes to stabilize finances and maintain NYSE listing.GPUS
Proxy filing16 Apr 2026 - Key votes on stock split, share increase, Series H conversion, and executive equity awards.GPUS
Proxy filing16 Apr 2026 - Large-scale Bitcoin mining operation prioritizing renewable energy, efficiency, and facility expansion.GPUS
Registration filing16 Apr 2026 - Transitioning to AI/HPC data centers, company faces losses and dilution risk from note conversions.GPUS
Registration filing16 Apr 2026 - Up to 10.9M shares offered via note conversions as the business pivots to AI and HPC data centers.GPUS
Registration filing16 Apr 2026
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