Hyperscale Data Holds $71.7M in Bitcoin, Market Cap $56.4M

Hyperscale Data reported holding 1,106.0467 Bitcoin, valued at roughly $71.7 million using a $64,784 closing price for Bitcoin on July 27. The company’s common equity had a market capitalization near $56.4 million after the July 28 close.

A March 31 quarterly filing, submitted on May 18, listed $196.0 million in current liabilities and $216.7 million in total liabilities. The same filing disclosed a $90.1 million liquidation preference tied to Series F preferred stock recorded within stockholders’ equity. The liquidation preference ranks ahead of common stock in the company’s capital structure.

The March filing identified $16.7 million of restricted crypto assets, including Bitcoin pledged as collateral for convertible notes issued to entities related to JGB. The July 27 Bitcoin disclosure did not break out how much of the 1,106-coin holding remains restricted or encumbered.

Hyperscale opened an at-the-market equity program on June 18 that authorizes sales of up to $300 million of common stock. The prospectus supplement sets no minimum offering amount and requires the company to report any sales at least quarterly. Public filings through July 28 do not disclose whether any shares have been issued under that program.

The disclosed Bitcoin balance is a combined total for two subsidiaries, Sentinum and Ault Capital Group. The company reported that Ault Capital purchased 15 Bitcoin during the week before July 27. Hyperscale expects, without assurance, to divest Ault Capital Group in the second quarter of 2027 through a transaction tied to the Series F preferred stock. The company has not specified how Bitcoin held by Ault would be treated before the separation or whether those coins would transfer with the subsidiary.

The July 27 disclosure provides the gross Bitcoin position and the valuation method. Filings filed through July 28 supply separate figures for liabilities, the Series F preference and restricted crypto but do not specify how much of the disclosed Bitcoin is unencumbered, whether any shares have been sold under the ATM program, or the treatment of subsidiary-held coins ahead of the proposed Ault Capital divestiture.

Further regulatory filings that itemize encumbered crypto, report ATM sales and detail the terms of the expected subsidiary transaction would provide additional specifics about the company’s assets and claims.