Hyperscale Data, Inc. Files 2023 10-K/A Amendment

TL;DR

Hyperscale Data (GPUS) filed its 2023 10-K/A amendment, updating financials for preferred and common stock. Check for changes!

AI Summary

Hyperscale Data, Inc. filed an amendment (10-K/A) on September 24, 2024, for its fiscal year ending December 31, 2023. The company, formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc., is headquartered in Las Vegas, NV. The filing details various preferred stock series, including Series A, B, C, and D, and common stock, with financial data points for the fiscal years 2023 and 2022.

Why It Matters

This amendment provides updated financial information and disclosures for Hyperscale Data, Inc. for the fiscal year 2023, which is crucial for investors to assess the company's performance and financial health.

Risk Assessment

Risk Level: medium — The filing is an amendment to a 10-K, indicating potential corrections or additions to previously filed information, which could signal underlying issues or complexities in the company's financial reporting.

Key Numbers

• 2023 — Fiscal Year End (Reporting period for the 10-K/A)
• 2022 — Previous Fiscal Year (Comparative financial data)

Key Players & Entities

• Hyperscale Data, Inc. (company) — Filer
• Ault Alliance, Inc. (company) — Former company name
• BitNile Holdings, Inc. (company) — Former company name
• Ault Global Holdings, Inc. (company) — Former company name
• 20231231 (date) — Fiscal year end
• 20240924 (date) — Filing date
• Las Vegas, NV (location) — Business address

FAQ

Key Financial Figures

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• $118.7151 — ice as reported on the NYSE American of $118.7151. Shares of the registrant's common stoc
• $33.1 million — ue from bitcoin mining of approximately $33.1 million and $16.7 million, respectively. We id
• $16.7 m — ning of approximately $33.1 million and $16.7 million, respectively. We ide

Filing Documents

• x92224010ka1.htm (10-K/A) — 2800KB
• ex23_1.htm (EX-23.1) — 3KB
• ex23_2.htm (EX-23.2) — 3KB
• ex31_1.htm (EX-31.1) — 9KB
• ex31_2.htm (EX-31.2) — 9KB
• ex32_1.htm (EX-32.1) — 5KB
• 0001214659-24-016683.txt ( ) — 16658KB
• gpus-20231231.xsd (EX-101.SCH) — 165KB
• gpus-20231231_cal.xml (EX-101.CAL) — 140KB
• gpus-20231231_def.xml (EX-101.DEF) — 571KB
• gpus-20231231_lab.xml (EX-101.LAB) — 849KB
• gpus-20231231_pre.xml (EX-101.PRE) — 796KB
• x92224010ka1_htm.xml (XML) — 3570KB

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data F-1 – F-54 PART IV Item 15. Exhibits and Financial Statement Schedules 5

Signatures

Signatures 8 4 PART IV

EXHIBITS

ITEM 15. EXHIBITS Exhibit Number Description 2.1 Agreement and Plan of Merger dated January 7, 2021. Incorporated by reference to the Current Report on Form 8-K filed on January 19, 2021 as Exhibit 3.1 thereto. 2.2 Agreement and Plan of Merger dated December 1, 2021. Incorporated by reference to the Current Report on Form 8-K filed on December 13, 2021 as Exhibit 2.1 thereto. 2.3 Agreement and Plan of Merger dated December 20, 2022. Incorporated by reference to the Current Report on Form 8-K filed on December 21, 2022 as Exhibit 2.1 thereto. 3.1 Certificate of Incorporation, dated September 22, 2017. Incorporated herein by reference to the Current Report on Form 8-K filed on December 29, 2017 as Exhibit 3.1 thereto. 3.2 Certificate of Designations of Rights and Preferences of 10% Series A Cumulative Redeemable Perpetual Preferred Stock, dated September 13, 2018. Incorporated herein by reference to the Current Report on Form 8-K filed on September 14, 2018 as Exhibit 3.1 thereto. 3.3 Certificate of Amendment to Certificate of Incorporation, dated January 2, 2019. Incorporated by reference to the Current Report on Form 8-K filed on January 3, 2019 as Exhibit 3.1 thereto. 3.4 Certificate of Amendment to Certificate of Incorporation (1-for-20 Reverse Stock Split of Common Stock), dated March 14, 2019. Incorporated herein by reference to the Current Report on Form 8-K filed on March 14, 2019 as Exhibit 3.1 thereto. 3.5 Certificate of Ownership and Merger. Incorporated by reference to the Current Report on Form 8-K filed on January 19, 2021 as Exhibit 2.1 thereto. 3.6 Certificate of Ownership and Merger, as filed with the Secretary of State of the State of Delaware on December 1, 2021. Incorporated by reference to the Current Report on Form 8-K filed on December 13, 2021 as Exhibit 3.1 thereto. 3.7 Certificate of Designation, Preferences and Rights relating to the 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

Description of Capital Stock

Description of Capital Stock. 10.1 Loan and Security Agreement between the Company and Avalanche International Corp., dated August 21, 2017. Incorporated by reference to the Current Report on Form 8-K filed on September 7, 2017 as Exhibit 10.1 thereto. 10.2 Amendment to MTIX Limited Purchase Order Number 2121. Incorporated by reference to the Current Report on Form 8-K filed on February 25, 2020 as Exhibit 10.2 thereto. 10.3* 2021 Stock Incentive Plan. Incorporated by reference to the Company's Definitive Proxy Statement on Form DEF 14A filed on July 6, 2021 as Appendix B thereto . 10.4* 2021 Employee Stock Purchase Plan. Incorporated by reference to the Company's Definitive Proxy Statement on Form DEF 14A filed on July 6, 2021 as Appendix C thereto. 10.5* Form of Stock Option Grants. Incorporated by reference to the Company's Registration Statement on Form S-8 filed on August 26, 2021 as Exhibit 99.3 thereto. 10.6* Form of Restricted Stock Unit Grants. Incorporated by reference to the Company's Registration Statement on Form S-8 filed on August 26, 2021 as Exhibit 99.4 thereto. 6 Exhibit Number Description 10.7 Form of Construction Loan Agreement. Incorporated by reference to the Current Report on Form 8-K filed on December 23, 2021 as Exhibit 10.1 thereto. 10.8 Form of Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing. Incorporated by reference to the Current Report on Form 8-K filed on December 23, 2021 as Exhibit 10.2 thereto. 10.9 Form of Assignment of Leases, Rents and Profits. Incorporated by reference to the Current Report on Form 8-K filed on December 23, 2021 as Exhibit 10.3 thereto. 10.10 Form of Guaranty. Incorporated by reference to the Current Report on Form 8-K filed on December 23, 2021 as Exhibit 10.4 thereto. 10.11* 2022 Stock Incentive Plan. Incorporated by reference to the Company's Definitive Proxy Statement on Form DEF 14A filed on September 23, 2022 as Annex B th

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: September 24, 2024 HYPERSCALE DATA, INC. By: /s/ William B. Horne William B. Horne Chief Executive Officer (Principal Executive Officer) By: /s/ Kenneth S. Cragun Kenneth S. Cragun Chief Financial Officer (Principal Financial and Accounting Officer) 8

FINANCIAL STATEMENTS

ITEM 8. FINANCIAL STATEMENTS AULT ALLIANCE, INC. AND SUBSIDIARIES INDEX TO FINANCIAL STATEMENTS Report of Independent Registered Public Accounting Firm – Marcum LLP (PCAOB ID Number 688 ) F-2 Report of Independent Registered Public Accounting Firm – Ziv Haft. (PCAOB ID Number 1185) F-4 Consolidated Balance Sheets as of December 31, 2023 and 2022 F-6 Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2023 and 2022 F-8 Consolidated Statements of Changes in Stockholders' Equity for the Years Ended December 31, 2023 and 2022 F-9 Consolidated Statements of Cash Flows for the Years Ended December 31, 2023 and 2022 F-11

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-13 – F-54 F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Directors of Ault Alliance, Inc. and Subsidiaries Opinion on the Financial Statements We have audited the accompanying consolidated balance sheet s of Ault Alliance, Inc. and subsidiaries (the "Company") as of December 31, 2023 and 2022, the related consolidated statements of operations and comprehensive loss, changes in stockholders' equity and cash flows for each of the two years in the period ended December 31 2023, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. We did not audit the December 31, 2023 and 2022 financial statements of Enertec Systems 2001 Ltd., a wholly-owned subsidiary, which statements reflect 5% and 3% of the total consolidated assets as of December 31, 2023 and 2022, respectively, 10% and 11% of the total consolidated revenues for the year ended December 31, 2023 and 2022, respectively. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for Enertec Systems 2001 Ltd., is based solely on the report of the other auditors. Explanatory Paragraph – Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. Th

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