Hyperscale Data, Inc.
Hyperscale Data, Inc. is a U.S.-based holding company that is transitioning toward a focused AI data center and Bitcoin infrastructure model. Through Sentinum, it operates GPU-based AI compute infrastructure and Bitcoin mining assets, while also retaining a portfolio of legacy and strategic businesses under Ault Capital Group pending a planned divestiture.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSentinum's GPU compute infrastructure, crypto mining operations, and related digital asset activities.
Crane rental and related services used by oil and gas exploration and project customers.
Hotel operations and commercial real estate lease income within the AGREE platform.
TurnOnGreen sales and related commercial electronics activity.
Lending, trading, and other corporate investment-related revenue streams.
Products
Reported · share of revenue- Crane Operations44.5 %
- Digital Assets Mining20.9 %
- Hotel and Real Estate Operations19.8 %
- Other13.1 %
- Lending and Trading Activities1.7 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company serves a mixed customer base that reflects its holding-company structure: AI/compute users, Bitcoin network participants, oil and gas operators, hotel guests, electronics buyers, and financial counterparties. In the near term, management expects the business to become more concentrated around AI data center and Bitcoin infrastructure after the planned divestiture of ACG.
Enterprises and workloads that buy GPU-based compute capacity from Sentinum for AI processing.
Revenue is driven by mined Bitcoin and hosted mining economics tied to network difficulty and Bitcoin price.
Customers renting cranes and related equipment for exploration and project activity.
Hotel guests and real estate tenants generating occupancy, ADR, and lease revenue.
Borrowers, trading counterparties, and investment partners in lending and trading activities.
Strategy
Management is repositioning the company toward a narrower AI data center and Bitcoin infrastructure platform while monetizing non-core assets. The stated plan is to divest ACG, support subsidiary growth where value can be realized, and use transactions such as sales, offerings, or secondary market monetizations to maximize stockholder value.
A simpler structure should allow management to focus capital and attention on the core AI/Bitcoin platform.
This is the intended post-divestiture core and the main source of future operating leverage.
The company uses sales, offerings, and secondary transactions to realize value from investments and subsidiaries.
Geography
Q2/2026The company is headquartered in the United States and its disclosed operating footprint is primarily domestic. Its business exposure is shaped more by end-market cycles than by international revenue concentration, with oil and gas, Bitcoin, and AI infrastructure all influenced by U.S. operating conditions and global commodity/technology trends.
Share of the revenue the company reports by geography.
Risks
The company faces execution risk in completing the planned divestiture and in shifting from a diversified holding structure to a focused infrastructure model. It also has meaningful exposure to Bitcoin price and mining difficulty, oil and gas project cycles, and control weaknesses that can affect revenue recognition and crypto-asset accounting.
Mining economics depend on Bitcoin price, network difficulty, and halving-driven reward changes.
Exposure: Sentinum crypto mining operations
Crane operations depend on exploration and project starts, which fall when crude prices or sentiment weaken.
Exposure: Energy crane operations
Management disclosed ineffective controls over revenue recognition, crypto assets, and IT change management.
Exposure: Financial reporting and crypto asset processes
The company expects to separate ACG, but timing and completion are uncertain.
Exposure: Corporate structure and future strategy
Accounting
Judgemental itemsThe company records revenue from mining, crane rentals, hotel operations, lending/trading, and product sales, each with different timing and judgment.
Impact: Can materially affect quarterly comparability and reported margins
Mining revenue, crypto holdings, and related IT systems require careful valuation and control over completeness and accuracy.
Impact: Affects revenue, asset carrying values, and volatility in results
Lending and trading activities include realized and unrealized gains on equity securities.
Impact: Can cause significant swings in other income and net earnings
The company has recorded impairment charges and gains/losses on deconsolidation or asset sales.
Impact: Can create one-time gains or losses that distort underlying performance
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Last updated: 28/04/2026