TLDR
- GPUS fell nearly 7% in Tuesday premarket after surging 77.62% on Monday, with the pullback attributed to profit-taking
- The company holds 713.5884 Bitcoin valued at ~$46.9 million, plus $40.2 million in cash and 10,000 oz of silver
- Hyperscale Data is in advanced talks to sign a 20-megawatt AI compute deal at its Michigan data center that could generate over $1 billion in revenue over 20 years
- Capacity could expand to 32 MW in 2028, pushing the total contract value above $2.5 billion
- The company plans to phase out Bitcoin mining at Michigan to focus on higher-margin AI infrastructure
Hyperscale Data (GPUS) stock dropped nearly 7% in Tuesday premarket trading to around $0.25 per share, giving back some of Monday’s massive 77.62% gain. The move looks like straightforward profit-taking rather than any negative news.
Nasdaq futures were up 0.24% and S&P 500 futures edged 0.04% higher at the same time, so the wider market wasn’t pulling GPUS down.
Monday’s rally was fueled by a major announcement. Through its subsidiary Alliance Cloud Services, Hyperscale Data said it is in advanced negotiations to sign a master services agreement that would deliver 20 megawatts of AI compute capacity at its Michigan data center campus.
If the deal closes, it’s expected to generate more than $1 billion in revenue over 20 years. The company also plans to add 32 more megawatts in 2028, which could push the total contract value beyond $2.5 billion.
No agreement has been signed yet. CEO Will Horne said the company expects “significant updates” in the coming days and weeks, but cautioned that negotiations are still ongoing.
To make room for the AI infrastructure push, Hyperscale Data said it plans to phase out Bitcoin mining at the Michigan campus over the next several months. The site could eventually scale beyond 300 megawatts, pending regulatory approvals and financing.
Bitcoin and Cash Holdings
As of June 14, Hyperscale Data held 713.5884 Bitcoin valued at roughly $46.9 million, based on Bitcoin’s closing price of $65,710 that day. The company also reported $40.2 million in cash and restricted cash, plus 10,000 ounces of silver.
Combined, the $87.1 million in cash, restricted cash and Bitcoin represented about 73.34% of the company’s market cap based on the June 15 closing price. The market cap stands at $131.69 million.
The Bitcoin holdings sit across two wholly owned subsidiaries — Sentinum, Inc. and Ault Capital Group, Inc. Neither acquired Bitcoin in the open market during the week ended June 14.
Despite a 63% gain over the past week, GPUS is still down 86.7% over the past year.
Robots and Divestiture Plans
There’s more going on under the hood. Hyperscale Data has started production on 30 OPR-R2 humanoid robots through its subsidiary Omnipresent Robotics. These are set to be deployed at the Michigan campus by Q3 2026 and are the first phase of a planned 143-robot deployment.
The company also plans to divest its Ault Capital Group subsidiary in Q2 2027 through an exchange of Series F Exchangeable Preferred Stock. After the divestiture, Hyperscale Data says it will focus on data center operations and digital asset holdings.
In other recent activity, the company completed a tender offer repurchasing approximately 8.5 million Class A common stock at $0.21 per share, and separately launched a $5 million share buyback at the same price.
The company also terminated its at-the-market stock offering agreement with Spartan Capital Securities and Wilson-Davis & Co.
🚨 Our JUNE Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for June, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
