Hyperscale Data to Form Patriot BTC to Separate Bitcoin Mining Operations from Michigan AI Data Center Strategy

Patriot BTC Expected Initially to Hold Montana Data Center, Bitcoin Miners, Equipment and Related Infrastructure; Separation Intended to Create Focused Mining and AI Data Center Businesses

LAS VEGAS, Sept. 22, 2026 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company ("Hyperscale Data" or the "Company"), announced today that it is taking steps to form Patriot BTC, a proposed new subsidiary intended to hold the Company's cryptocurrency mining operations and related assets as a distinct business.

As part of the proposed transaction, Hyperscale Data intends to initially transfer all operating assets used in its cryptocurrency mining operations to Patriot BTC, including the Company's Montana data center, Bitcoin miners, mining equipment and related infrastructure.

The proposed transfer is intended to separate the Company's Bitcoin mining operations from its Michigan AI data center strategy. The Company believes the separation would align management attention and capital allocation with the distinct needs of each business, improve transparency into their respective operations and financial performance, and pave the way for the Michigan facility to operate as a standalone, single-purpose AI data center business.