Ault & Company Purchases 10.4 Million Shares of Hyperscale Data Common Stock at $0.50 Per Share

$0.50 Per Share Purchase Price Represents Approximately 204% Premium to Hyperscale Data Class A Common Stock Closing Price on September 30, 2026

LAS VEGAS, Oct. 1, 2026 /PRNewswire/ -- Ault & Company, Inc. ("Ault & Company"), a private holding company controlled by Milton "Todd" Ault III, today announced that it has acquired 10,389,404 shares of Hyperscale Data, Inc. ("Hyperscale Data") common stock at $0.50 per share (the "Private Acquisition"), for an aggregate purchase price of approximately $5.2 million, in a privately negotiated transaction with an institutional investor (the "Seller").

The Private Acquisition includes 10 million shares of Hyperscale Data's class A common stock and approximately 389,404 shares of Hyperscale Data's class B common stock. The transaction involved Ault & Company's purchase of existing shares from the Seller and did not involve the issuance of new shares by Hyperscale Data.

The $0.50 per share purchase price represents approximately a 204% premium to the closing price of Hyperscale Data's class A common stock on September 30, 2026.

Following the Private Acquisition, Ault & Company beneficially owns approximately 63.90% of Hyperscale Data's class A common stock. The purchase has been reported in filings with the U.S. Securities and Exchange Commission, including a Form 4 and Schedule 13D/A.

Milton "Todd" Ault III, Chief Executive Officer of Ault & Company and Executive Chairman of Hyperscale Data, stated, "We continue to demonstrate to the markets our conviction in the long-term value of Hyperscale Data. We do not simply talk about what we believe Hyperscale Data is worth, we committed another $5.2 million to increase our ownership position. While the $0.50 purchase price represents a significant premium to the current market price, it represents approximately only 53% of Hyperscale Data's reported net book value of $0.95 per share as of the quarter ended June 30, 2026. We continue to believe that the public market's disconnect from the underlying value of Hyperscale Data benefits Ault & Company and its ability to increase its position.

"More importantly, Hyperscale Data's assets are beginning to perform. As Executive Chairman, I am seeing that progress firsthand. In my view, the market does not recognize the potential value of a data center with the potential to achieve 340 megawatts ("MWs") of power capacity, including 20 MWs of critical IT load currently under contract and the ability to expand that relationship to 52 MWs. That power capacity is particularly important in an environment where access to power suitable for artificial intelligence ("AI") and high-performance computing infrastructure has become increasingly difficult to secure. That does not include other important businesses within Hyperscale Data today, including its crane rental business, a defense business, a hotel group, lending operations and Bitcoin and other digital assets.

"I continue to believe that Hyperscale Data is worth substantially more than where the class A common stock is currently trading. Whenever legally permissible and as we believe the economics make sense, I intend to increase Ault & Company's investment. Markets determine price, but they do not always recognize value immediately. I believe the underlying assets and operating performance will ultimately speak for themselves, and I look forward to the day when the market recognizes what I believe is the substantial value embedded within Hyperscale Data."

Ault & Company's decision to make any additional purchases of Hyperscale Data securities will depend upon numerous factors, including market conditions, the trading price of Hyperscale Data securities, available capital, investment alternatives, applicable securities laws and regulations and other considerations. There can be no assurance as to the timing, size or completion of any future purchases. 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, 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.

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