As of September 27, Hyperscale Data held approximately $56 million in Bitcoin, cash and restricted cash. The holdings included 219.0652 Bitcoin, valued at about $18.5 million, and approximately $37.5 million in cash.
The total was about 153% of the company’s market capitalization, based on its closing stock price on September 28.
Executive Chairman Milton “Todd” Ault III said the company’s financial position will support its plans to bring its Michigan AI data center online. Hyperscale Data is focused on moving the facility from development to generating recurring revenue.