Hyperscale Data Upgrading Bitcoin Mining Fleet as Michigan AI Campus Expands

All Bitcoin to Be Retained in Corporate Treasury as Part of Long-Term Digital Asset Strategy

LAS VEGAS, Sept. 29, 2025 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that it is upgrading its fleet of Bitcoin miners as part of a broader strategic initiative to optimize its Michigan data center (the "Michigan Facility") operations. The Company has made the strategic decision to dedicate a portion of its Michigan Facility to continue Bitcoin mining alongside its expanding artificial intelligence ("AI") infrastructure.

Hyperscale Data confirmed that it is upgrading to Bitmain Antminer S21+ Bitcoin miners ("S21+"), a move expected to significantly increase Bitcoin production yield over the coming year. The S21+ operates at 235 terahashes per second, which represents a 135% increase in processing speed from Hyperscale Data's older S19J Pro Bitcoin miners ("S19J Pro"). As a result of the increased processing speed, a S21+ produces approximately 2.35 Bitcoin for each Bitcoin produced by a S19J Pro. The Company emphasized that maintaining Bitcoin operations while deploying NVIDIA-powered AI clusters positions Hyperscale Data well among U.S. data center operators, leveraging both digital asset computing and AI growth trends from a single, strategically located facility.

This dual-focus strategy allows Hyperscale Data to capitalize on its existing Bitcoin mining infrastructure while advancing its long-term goal of building a world-class AI data center. The Michigan Facility, situated on approximately 34.5 acres and spanning 617,000 square feet, will host both AI compute clusters and advanced Bitcoin miners operating side-by-side.

"We believe this balanced approach is the right path forward," said William B. Horne, Chief Executive Officer of Hyperscale Data. "While the build-out of our AI capabilities will take time, it is important that we continue to generate value from our existing infrastructure through Bitcoin mining. By integrating both AI and Bitcoin operations under one roof, we are able to maximize efficiency, optimize asset utilization, and position the Michigan Facility for long-term growth. As we expand power capacity over time, we expect to maintain meaningful Bitcoin mining operations alongside our AI initiatives."

"It is extremely gratifying to see this vision moving forward," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "The Michigan Facility is being developed into a highly productive asset, designed to power AI infrastructure with NVIDIA servers while also mining Bitcoin. This reflects years of planning and commitment to a strategy that brings together two of the most powerful computing trends in the world."

The Company stated that it does not plan to sell any of its Bitcoin holdings at this time and will continue to implement its Digital Asset Treasury Strategy. As previously stated, Hyperscale Data will continue to issue updates every Tuesday detailing its total Bitcoin holdings and the amount of cash reserved for its ongoing dollar-cost averaging program to acquire additional Bitcoin. The Company believes it is in the best interest of its stockholders to pair its Bitcoin holdings with its market capitalization and intends to use all newly mined Bitcoin to strengthen and expand its corporate treasury.

As previously announced, Hyperscale Data is in the process of expanding its AI service capabilities in the Michigan Facility with advanced NVIDIA hardware, including the next-generation Blackwell architecture.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in the first quarter of 2026. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.

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SOURCE Hyperscale Data Inc.