Ault & Company Has Invested $55 Million in Capital to Hyperscale Data

Ault & Company Beneficially Owns Approximately 62% of Hyperscale Data and Believe a Significant Disconnect Exists Between Hyperscale Data's Market Capitalization and the Value of Its Assets

LAS VEGAS, Sept. 25, 2026 /PRNewswire/ -- Ault & Company, Inc. ("Ault & Company"), a private holding company controlled by Milton "Todd" Ault III, today announced that Ault & Company has invested $55 million of capital directly into Hyperscale Data, Inc., an NYSE American listed company ("Hyperscale Data"), through the purchase of convertible preferred stock. Such figure doesn't include funds expended by Ault & Company or any of its affiliates in purchasing Hyperscale Data common stock in open market purchases.

Ault & Company and its affiliates currently beneficially own approximately 62% of Hyperscale Data. For further details on Ault & Company's ownership of Hyperscale Data, please reference the Schedule 13D/A Amendment No. 19, filed with the U.S. Securities and Exchange Commission on September 15, 2026 by Ault & Company and its affiliates.

Ault & Company believes there is an extraordinary disconnect between Hyperscale Data's current public market valuation and the value of the assets and businesses owned by the Hyperscale Data.

Ault & Company believes the following Hyperscale Data assets and opportunities support its long-term investment thesis:

Michigan AI data center. Hyperscale Data has reported that it has invested more than $70 million into the Michigan facility owned and operated by its wholly owned subsidiary, Alliance Cloud Services, LLC ("ACS"). ACS has executed a master services agreement ("MSA") for an initial 20 megawatts ("MW") of critical artificial intelligence ("AI") compute capacity. The customer has the right to expand the deployment to a total of 52 MW.

Long-term contract potential. Hyperscale Data expects revenue from the initial 20 MW deployment to exceed $1.2 billion if the MSA remains in effect for its maximum 20-year term. If the customer exercises its expansion right and the additional capacity remains contracted for the applicable maximum term, total potential contract revenue could exceed $3.0 billion. The contemplated 52 MW deployment could represent less than 20% of the approximately 340 MW of total potential capacity that ACS believes can be ultimately available.  Hyperscale Data has advised that the development of any capacity beyond the initial 20 MW covered by the MSA is subject to financing, regulatory approvals, engineering, utility agreements, infrastructure availability, customer demand and other conditions. There can be no assurance that additional capacity will be developed, financed, contracted or placed into service.

Potential value of the Michigan campus. Hyperscale Data management has stated that it presently believes the Michigan campus could support a valuation of approximately $750 million to $1.25 billion. Management of Hyperscale Data has set $750 million as the minimum valuation at which it presently believes a sale would merit serious consideration. The range is management's assessment, not an independent appraisal or an assurance that a transaction could occur at either amount.

Reported asset base. Hyperscale Data reported approximately $360 million of total assets as of June 30, 2026, reflecting its Michigan investment, operating businesses and other holdings.

Operating businesses and strategic assets. Hyperscale Data reported $34.8 million of consolidated revenue for the quarter ended June 30, 2026. Its interests include defense and aerospace, crane rental, hotels, commercial lending, blockchain technology and software, in addition to its Michigan AI data center.

Bitcoin and cash. As of September 13, 2026, Hyperscale Data reported approximately $51 million of Bitcoin, cash and restricted cash.

"We have committed substantial capital to Hyperscale Data because we believe in the value of what it owns and the opportunities ahead," said Mr. Ault, Chief Executive Officer of Ault & Company and Executive Chairman of Hyperscale Data. "The Michigan campus has an executed customer agreement, significant capital invested and the potential to expand. Management believes that the campus could support a valuation of $750 million to $1.25 billion. Beyond Michigan, Hyperscale Data has established operating businesses and other strategic assets. As its largest stockholder, Ault & Company, together with its affiliates, is focused on supporting Hyperscale in the work needed to develop these assets and demonstrate their value over time."

Ault & Company expects to continue evaluating additional investments in Hyperscale Data, including its right to purchase up to an additional $96 million of series H convertible preferred stock, subject to market conditions, applicable securities laws and other considerations.  This press release is for informational purposes only and shall not constitute an offer to buy or sell common stock or any other securities.

About Ault & Company, Inc.

Ault & Company, Inc. is a private holding company founded and controlled by Milton "Todd" Ault III. Ault & Company invests in public and private businesses across a variety of industries and seeks to create long-term value through active ownership, capital allocation and strategic development.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. 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.

These forward-looking statements include, among other matters, statements regarding the potential value of Hyperscale Data and its assets, the Michigan AI data center campus, expected revenue and cash flow under the MSA, potential expansion of the Michigan facility, future power capacity, management's valuation estimates, Hyperscale Data's financial guidance, future investments by Ault & Company and its affiliates and potential efforts to realize or unlock value from Hyperscale Data's businesses and assets.

Forward-looking statements are based upon current expectations, estimates and assumptions and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed or implied by such statements.

The approximately $1.2 billion MSA revenue figure assumes that the initial 20 MW deployment continues throughout the maximum 20-year term. The potential greater than $3.0 billion figure assumes, among other matters, that the customer exercises its expansion right to 52 MW and that the expanded capacity remains in service throughout the applicable maximum term. There can be no assurance that such extensions or expansion will occur.

Similarly, the estimated valuation range by Hyperscale Data's management for the Michigan facility of approximately $750 million to $1.25 billion represents its current opinion based upon presently available information and does not constitute an independent appraisal, fairness opinion, offer to purchase or sell any asset, or assurance that a transaction could be completed at any particular valuation.

Development of additional capacity at the Michigan facility is subject to financing, regulatory approvals, engineering requirements, utility agreements, infrastructure availability, customer demand and numerous other conditions.

Readers should review Hyperscale Data's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and the risk factors contained therein.

Forward-looking statements speak only as of the date they are made, and Ault & 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.

SOURCE Ault & Company