Hyperscale Data's Bitcoin and Cash Holdings Exceed Market Cap by 53%

Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the market capitalization of its common stock as of September 28.

A balance sheet worth more than the stock

The disclosure means the Las Vegas-based company’s Bitcoin and cash holdings exceed what the equity market values the entire business at. Hyperscale Data priced the Bitcoin using a closing price of $84,458 per coin on September 27. Milton “Todd” Ault III, the company’s executive chairman, framed the position as proof the firm can keep executing while its flagship data center comes online. “We strongly believe that the $56 million of Bitcoin, cash and restricted cash puts the Company in a strong financial position to continue delivering on our commitments to our customer and bringing the initial phase online,” he said. Ault added that the Michigan AI data center remains the company’s priority as it approaches free cash flow generation.