Hyperscale Data Holds $53 Million in Cash and Bitcoin, Exceeding Market Cap by Nearly Twice
As of September 3, 2026, Hyperscale Data (NYSE American: GPUS) reported holding approximately $36 million in cash and restricted cash along with around 215 Bitcoin. With the price of Bitcoin at roughly $81,500 per coin, these holdings totaled about $53 million—nearly double the company's equity market capitalization on that date. The firm stated it had sold a portion of its Bitcoin to fund construction efforts for an AI data center in Michigan under a long-term master services agreement with a California-based neocloud provider. The 10-year contract includes two five-year extension options and could generate over $1.2 billion in revenue if both extensions are exercised. Executive Chairman Milton 'Todd' Ault III emphasized that the decision to allocate capital toward infrastructure was strategic, aiming for long-term value creation despite current market valuations not reflecting underlying assets.
Tickers: $GPUS
Topics: Bitcoin cash holdings data center development M&A potential