Hyperscale Data, Inc. Files Q2 2025 10-Q

TL;DR

Hyperscale Data (GPUS) filed its Q2 2025 10-Q. Financials out.

AI Summary

Hyperscale Data, Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc., is based in Las Vegas, NV. The filing covers the second quarter of 2025 and includes financial data related to its common stock and preferred stock.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Hyperscale Data, Inc. during the second quarter of 2025.

Risk Assessment

Risk Level: medium — The company has undergone multiple name changes, suggesting potential restructuring or strategic shifts that could introduce uncertainty.

Key Numbers

• 20250630 — End of Fiscal Period (Covers financial data up to this date.)
• 20250815 — Filing Date (Date the 10-Q was submitted to the SEC.)

Key Players & Entities

• Hyperscale Data, Inc. (company) — Filer of the 10-Q
• Ault Alliance, Inc. (company) — Former company name
• BitNile Holdings, Inc. (company) — Former company name
• Ault Global Holdings, Inc. (company) — Former company name
• 20250630 (date) — End of reporting period
• 20250815 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 par value GPUS NYSE American 13.0
• $1.25 — 1,000 ) Series A preferred dividends ($1.25 per share) - - - - - - - - -
• $13.13 — 5,000 ) Series B preferred dividends ($13.13 per share) - - 20 - - - - - -
• $47.25 — - - - Series C preferred dividends ($47.25 per share) - - - - - - - - -
• $1.88 — 4,000 ) Series D preferred dividends ($1.88 per share) - - - - - - - - -
• $1.40 — 7,000 ) Series E preferred dividends ($1.40 per share) - - - - - - - - -
• $7.81 — 2,000 ) Series G preferred dividends ($7.81 per share) - - - - - - - - -
• $0.71 — 7,000 ) Series A preferred dividends ($0.71 per share) - - - - - - - - -
• $23.63 — 5,000 ) Series C preferred dividends ($23.63 per share) - - - - - - - - -
• $0.81 — 0,000 ) Series D preferred dividends ($0.81 per share) - - - - - - - - -
• $1.28 — 0,000 ) Series A preferred dividends ($1.28 per share) - - - - - - - - -
• $47.17 — 9,000 ) Series C preferred dividends ($47.17 per share) - - - - - - - - -
• $1.62 — 2,000 ) Series D preferred dividends ($1.62 per share) - - - - - - - - -
• $2.02 — scale Data Class A common stockholders ($2.02 per share) - - - - - - - - ( 4

Filing Documents

• x81025110q.htm (10-Q) — 3066KB
• ex31_1.htm (EX-31.1) — 8KB
• ex31_2.htm (EX-31.2) — 8KB
• ex32_1.htm (EX-32.1) — 5KB
• 0001214659-25-012364.txt ( ) — 13328KB
• gpus-20250630.xsd (EX-101.SCH) — 99KB
• gpus-20250630_cal.xml (EX-101.CAL) — 88KB
• gpus-20250630_def.xml (EX-101.DEF) — 334KB
• gpus-20250630_lab.xml (EX-101.LAB) — 504KB
• gpus-20250630_pre.xml (EX-101.PRE) — 435KB
• x81025110q_htm.xml (XML) — 3428KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 F-1 Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2025 and 2024 F-3 Condensed Consolidated Statements of Changes in Stockholders' Equity for the three and six months ended June 30, 2025 and 2024 F-4 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 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 13 Item 4.

Controls and Procedures

Controls and Procedures 13

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 1 6 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 16

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "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 for the year ended December 31, 2024, 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 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) June 30, December 31, 2025 2024 ASSETS CURRENT ASSETS Cash and cash equivalents $ 5,917,000 $ 4,546,000 Restricted cash 21,338,000 20,476,000 Accounts receivable, net 7,312,000 6,165,000 Inventories 1,500,000 1,817,000 Investment in promissory notes and other, related party 20,696,000 20,802,000 Loans receivable, current 2,686,000 1,369,000 Prepaid expenses and other current assets 2,560,000 3,238,000 TOTAL CURRENT ASSETS 62,009,000 58,413,000 Intangible assets, net 1,652,000 1,844,000 Property and equipment, net 135,841,000 144,357,000 Right-of-use assets 4,509,000 3,697,000 Investments in common stock and equity securities, related party 2,124,000 2,190,000 Investments in other equity securities 252,000 2,802,000 Other assets 7,114,000 7,463,000 TOTAL ASSETS $ 213,501,000 $ 220,766,000 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 52,617,000 $ 59,475,000 Operating lease liability, current 1,297,000 1,627,000 Notes payable, current 87,677,000 95,768,000 Notes payable, related party, current 71,000 164,000 Convertible notes payable 20,810,000 19,569,000 Guarantee liability 38,900,000 38,900,000 TOTAL CURRENT LIABILITIES 201,372,000 215,503,000 LONG-TERM LIABILITIES Operating lease liability, non-current 3,404,000 2,269,000 Notes payable, non-current 829,000 904,000 TOTAL LIABILITIES 205,605,000 218,676,000 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) June 30, December 31, 2025 2024 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Preferred stock, $ 0.001 par value - 25,000,000 shares authorized

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View this 10-Q filing on SEC EDGAR