DENVER, Colo. (247marketnews.com) — Ault & Company is putting serious capital behind its conviction in Hyperscale Data (NYSEAMERICAN:GPUS), announcing that it invested $55 million directly into the company through convertible preferred stock. Including affiliates, Ault says it beneficially owns approximately 62% of Hyperscale Data, making the transaction far more than a passive investment. Ault’s September 15 Schedule 13D/A disclosed beneficial ownership of 63.5% of Hyperscale Data’s Class A common stock at that filing date.
The centerpiece of the thesis is Hyperscale Data’s Michigan AI data-center campus. The company says it has invested more than $70 million into the facility and has an executed master services agreement covering an initial 20 megawatts of AI compute capacity. The customer has an option to expand to 52 MW. Hyperscale Data estimates the initial deployment could generate more than $1.2 billion of revenue over a maximum 20-year contract term, while a full 52 MW deployment could potentially exceed $3 billion in contract revenue.
Hyperscale Data stopped Bitcoin mining at the Michigan facility on September 1 as it prepared the site for its incoming neocloud customer, with the initial 20 MW deployment expected to become operational in the fourth quarter of 2026. The company has described approximately 340 MW of potential total capacity at the campus, meaning the initial 20 MW agreement would represent only a fraction of the longer-term development opportunity.
Ault CEO and Hyperscale Executive Chairman Milton “Todd” Ault III said: “We have committed substantial capital to Hyperscale Data because we believe in the value of what it owns and the opportunities ahead.” Ault says it believes Hyperscale Data’s public-market valuation is significantly disconnected from its assets and businesses. Hyperscale Data reported approximately $360 million of total assets as of June 30, while separately reporting approximately $80 million of first-half 2026 revenue on a preliminary basis and maintaining 2026 revenue guidance of $180 million to $200 million.
Ault says it expects to continue evaluating additional investment, including a right to purchase up to another $96 million of Series H convertible preferred stock, subject to conditions.
Important Editorial Note: 247 highlights companies approaching significant catalysts and inflection points. This report reflects information available at the time of publication. Since developments can occur rapidly, readers should independently verify current information and review all company filings and disclosures.