$GPUSSep 25, 2026, 7:13 AM ETAI processed
Ault puts $55M into Hyperscale Data via convertible preferreds, cites big Michigan AI campus value
AI Summary
Ault & Company invested $55 million in Hyperscale Data through the purchase of convertible preferred stock and currently beneficially owns about 62% of the company. Ault highlights an executed MSA for an initial 20 MW AI deployment at Hyperscale's Michigan campus (expansion right to 52 MW), management estimates the campus could be worth $750M–$1.25B and projects >$1.2B in revenue over a 20‑year term (up to >$3.0B if expanded), and Ault may buy up to an additional $96M of Series H preferreds.
Positives
- Ault invested $55M directly into Hyperscale Data via convertible preferred stock
- Ault & affiliates beneficially own ~62% of Hyperscale Data and may acquire up to an additional $96M of Series H
- Michigan AI campus has an executed MSA for an initial 20 MW (right to expand to 52 MW) with long‑term revenue projections if fully contracted
Negatives
- Revenue and valuation figures are forward‑looking management estimates and not independent appraisals
- Expansion beyond the initial 20 MW is contingent on financing, regulatory approvals, engineering, utility agreements and customer demand
- Company reported modest current revenue ($34.8M Q2) and ~$360M total assets vs. the much larger potential campus valuation