Hyperscale Data, Inc. (NYSE American: GPUS) confirmed on November 10, 2026 that it had finished selling off its Bitcoin holdings, disposing of approximately 211.56 Bitcoin at roughly USD 76,000 per coin for gross proceeds of about USD 16.0 million. The liquidation, completed as of November 8, 2026, closes out a process that started in late July 2026, during which the company sold approximately 1,113 Bitcoin in total for approximately USD 74.4 million.

The cash generated is earmarked for two purposes: reducing the company's debt and advancing construction of its artificial intelligence data center in Michigan.

Proceeds Directed Toward Debt Paydown and Michigan Buildout

Chief Executive Officer Will Horne connected the sales directly to the company's near-term operational target. According to Horne, energizing the first 10 megawatts of critical IT capacity at the Michigan data center in December is the company's highest priority, which he described as the quickest path to profitability.

Horne also cited risk management as a rationale for the sales, saying that selling the Bitcoin reserves reduces the company's exposure to Bitcoin price swings while providing cash to pay down debt and fund the Michigan work, what he called the best use of this capital for all stockholders.

Digital Asset Activities Narrowed to Montana Mining

Although the balance sheet reserves are gone, Hyperscale Data has not abandoned digital assets altogether.

The company continues to mine Bitcoin at its Montana site. Looking ahead, Hyperscale Data expects any Bitcoin held on its balance sheet to come primarily from its own mining operations rather than from purchases or other accumulated reserves.

Investor Day Pushed to November 23, 10-Q Filing Expected

Hyperscale Data anticipates filing its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 on or before Monday, November 23. Because of the recently announced proposed Exchange Offer for its Class A common stock, the company also plans to shift its virtual Investor Day from November 12 to November 23.

Management intends to brief investors then on debt reduction progress and the status of the December energization goal at the Michigan facility.

When the Exchange Offer is commenced, offer documents will be filed with the U.S. Securities and Exchange Commission.

Corporate Structure and the Road to 2027 Divestiture

Hyperscale Data's data center operations run through wholly owned subsidiary Sentinum, Inc., which offers colocation and hosting services for emerging AI ecosystems and other industries. A second wholly owned subsidiary, Ault Capital Group, Inc. (ACG), operates as a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

The company currently expects to divest ACG in 2027.

Once that occurs, Hyperscale Data would be an owner and operator of data centers supporting high-performance computing services, along with holding digital assets and a third wholly owned subsidiary, Omnipresent Robotics, LLC. In the interim, ACG and its wholly and majority-owned subsidiaries and strategic investments will continue providing mission-critical products across a range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. ACG is also engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary.

The Divestiture will be executed through a series of preferred stock exchanges.

On December 23, 2024, the company issued one million shares of a newly designated Series F Exchangeable Preferred Stock to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis.

The Divestiture itself will happen through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG. The company cautioned that only holders of Series F Preferred Stock who surrender their shares, and do not properly withdraw that surrender, in the exchange offer through which the Divestiture will occur will be entitled to receive ACG Shares and become shareholders of ACG when the Divestiture takes place.

Company Details and Forward-Looking Disclosure

Hyperscale Data is headquartered at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141. The announcement notes it contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and cautions that actual results could differ materially from any forward-looking statements.