Hyperscale Data (GPUS) investor relations material

Executive summary

• Revenue rose 76% year-over-year to $44.1M, driven by lending/trading and Gresham's consolidation.

• Net loss widened to $32.5M from $6.2M year-over-year, reflecting higher operating expenses and crypto asset fair value losses.

• Gross margin improved to 34% from 21% year-over-year, mainly due to lending/trading gains and Gresham's inclusion.

• Significant investments in AI and blockchain initiatives, with increased R&D and marketing spend.

• Ongoing divestiture of Ault Capital Group expected in 2027 to focus on AI data center and Bitcoin infrastructure.

Financial highlights

• Total revenue: $44.1M (up from $25.0M year-over-year).

• Net loss attributable to common stockholders: $32.5M (vs. $6.2M loss year-over-year).

• Gross profit: $15.1M (vs. $5.3M year-over-year).

• Operating expenses: $36.3M (vs. $21.3M year-over-year), with G&A up 101% and R&D up $4.7M.

• Interest expense: $6.5M (vs. $3.8M year-over-year).

Outlook and guidance

• Management expects to fund short-term obligations through cash, operations, and capital raising.

• Focus remains on AI data center and Bitcoin mining post-divestiture.

• Ongoing evaluation of refinancing, asset monetization, and strategic transactions for liquidity.