Hyperscale Data, Inc. Files Q3 2024 10-Q

TL;DR

Hyperscale Data (GPUS) filed its 10-Q for Q3 2024, detailing stock and preferred share info.

AI Summary

Hyperscale Data, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada. The filing details its capital structure, including common stock and various series of preferred stock (Series A, C, and D).

Why It Matters

This filing provides investors with an update on Hyperscale Data, Inc.'s financial position and capital structure as of the end of the third quarter of 2024.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not contain immediate, significant negative financial news.

Key Numbers

• 0.001 — Par Value (Par value per share for common stock and Series D preferred stock.)

Key Players & Entities

• Hyperscale Data, Inc. (company) — Filer of the 10-Q
• Ault Alliance, Inc. (company) — Former name of Hyperscale Data, Inc.
• BitNile Holdings, Inc. (company) — Former name of Hyperscale Data, Inc.
• Ault Global Holdings, Inc. (company) — Former name of Hyperscale Data, Inc.
• 20240930 (date) — End of the reporting period
• 20241119 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 par value GPUS NYSE American 13.0
• $0.63 — 9,000 ) Series A preferred dividends ($0.63 per share) - - - - - - - - -
• $24.05 — 4,000 ) Series C preferred dividends ($24.05 per share) - - - - - - - - -
• $0.81 — 9,000 ) Series D preferred dividends ($0.81 per share) - - - - - - - - -
• $36.00 — scale Data Class A common stockholders ($36.00 per share) - - - - - - - - ( 5
• $1.88 — 9,000 ) Series A preferred dividends ($1.88 per share) - - - - - - - - -
• $71.22 — 3,000 ) Series C preferred dividends ($71.22 per share) - - - - - - - - -
• $2.44 — 1,000 ) Series D preferred dividends ($2.44 per share) - - - - - - - - -
• $2.02 — ale Data Class A common stockholders ($2.02 per share) - - - - - - - - ( 4
• $1.25 — 0,000 ) Series A preferred dividends ($1.25 per share) - - - - - - - - -
• $1.62 — 3,000 ) Series D preferred dividends ($1.62 per share) - - - - - - - - -
• $50.50 — scale Data Class A common stockholders ($50.50 per share) - - - - - - - - ( 1

Filing Documents

• hd11724010q.htm (10-Q) — 3317KB
• ex31_1.htm (EX-31.1) — 8KB
• ex31_2.htm (EX-31.2) — 8KB
• ex32_1.htm (EX-32.1) — 5KB
• 0001214659-24-019389.txt ( ) — 14892KB
• gpus-20240930.xsd (EX-101.SCH) — 118KB
• gpus-20240930_cal.xml (EX-101.CAL) — 104KB
• gpus-20240930_def.xml (EX-101.DEF) — 372KB
• gpus-20240930_lab.xml (EX-101.LAB) — 627KB
• gpus-20240930_pre.xml (EX-101.PRE) — 524KB
• hd11724010q_htm.xml (XML) — 3591KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 F-1 Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2024 and 2023 F-3 Condensed Consolidated Statements of Changes in Stockholders' Equity for the three and nine months ended September 30, 2024 and 2023 F-4 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 F-8 Notes to Condensed Consolidated Financial Statements F-10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 1 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 16 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 18

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "would," "should," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-looking statements. Such statements are based on management's expectations as of the date of this filing and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include those described throughout this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K/A for the year ended December 31, 2023, particularly the "Risk Factors" sections of such reports. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements in this Quarterly Report on Form 10-Q do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that had not been completed as of the date of filing of this Quarterly Report on Form 10-Q. In addition, the forward-looking statements in this Quarterly Report on Form 10-Q are made as of the date of this filing, and we do not undertake, and expressly disclaim any duty to update such statements, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. HYPERSCALE DATA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, December 31, 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 7,190,000 $ 6,105,000 Restricted cash 8,259,000 4,962,000 Marketable equity securities 687,000 27,000 Accounts receivable, net 6,824,000 6,736,000 Inventories 1,823,000 1,790,000 Investment in promissory notes and other, related party 14,786,000 3,968,000 Loans receivable, current 1,169,000 1,234,000 Prepaid expenses and other current assets 4,240,000 5,221,000 Current assets of discontinued operations - 32,367,000 TOTAL CURRENT ASSETS 44,978,000 62,410,000 Cash and marketable securities held in trust account 804,000 2,200,000 Intangible assets, net 3,682,000 4,047,000 Goodwill 295,000 295,000 Property and equipment, net 160,874,000 195,666,000 Right-of-use assets 3,570,000 3,409,000 Investments in common stock and equity securities, related party 2,231,000 679,000 Investments in other equity securities 5,274,000 21,767,000 Other assets 9,785,000 8,717,000 TOTAL ASSETS $ 231,493,000 $ 299,190,000 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 58,474,000 $ 55,422,000 Operating lease liability, current 1,442,000 1,376,000 Notes payable, current 87,730,000 11,692,000 Notes payable, related party, current 171,000 2,375,000 Convertible notes payable, current 9,725,000 7,375,000 Guarantee liability 38,900,000 38,900,000 Current liabilities of discontinued operations - 22,664,000 TOTAL CURRENT LIABILITIES 196,442,000 139,804,000 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. F-1 HYPERSCALE DATA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (continued) (Unaudited) September 30, December 31, 2024 2023 LONG TE

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