Hyperscale Data to Resume Montana Bitcoin Mining Operations during June 2025

Rhea-AI Summary

Hyperscale Data (NYSE: GPUS) has announced plans to resume Bitcoin mining operations at one of its two Montana sites around June 10, 2025. The site, completed in 2024, has a 10-megawatt power capacity capable of operating up to 3,200 S19j Pro Antminers. The company will initially restart with 2,600 Antminers and plans to reach full capacity of 3,200 miners by July 2025.

CEO William Horne cited the recent increase in Bitcoin price as the primary reason for resuming operations, expressing confidence that current Bitcoin prices are sustainable and will enable positive cash flow from the Montana mining operations.

Positive

• Resumption of Bitcoin mining operations indicates potential revenue generation
• Site already built out with 10MW capacity, requiring minimal additional investment
• Planned gradual scaling to full capacity shows measured approach to operations
• Management expects positive cash flow from operations

Negative

• Only operating one of two Montana sites, indicating partial capacity utilization
• Operations heavily dependent on Bitcoin price sustainability
• Initial operation at partial capacity (2,600 vs 3,200 miners) suggests cautious outlook

LAS VEGAS, May 15, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary Sentinum, Inc. (“Sentinum”), plans to resume Bitcoin mining operations at one of its two Montana sites on or around June 10, 2025.

Sentinum completed the build-out of the Montana site in 2024 and it currently provides up to 10 megawatts of power, which is sufficient to operate approximately 3,200 S19j Pro Antminers (“Antminers”). Sentinum will initially recommence mining operations on approximately 2,600 Antminers and expects to increase operations to full capacity of approximately 3,200 Antminers, during July 2025.

“Given the recent increase in the price of Bitcoin, we have made the decision to resume mining at one of our Montana sites,” said William Horne, Chief Executive Officer of Hyperscale Data. “It is our belief that the current price of Bitcoin is sustainable, which will allow our Montana Bitcoin mining operations to generate positive cash flow from operations.”

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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.

Forward-looking statements speak only as of the date they are made, and the 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. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235

FAQ

When will Hyperscale Data (GPUS) resume Bitcoin mining in Montana?

Hyperscale Data plans to resume Bitcoin mining operations at one of its Montana sites on or around June 10, 2025.

How many Bitcoin miners will GPUS operate at its Montana facility?

The company will initially operate 2,600 S19j Pro Antminers, with plans to increase to full capacity of 3,200 Antminers by July 2025.

What is the power capacity of Hyperscale Data's Montana mining site?

The Montana site provides up to 10 megawatts of power capacity, sufficient to operate approximately 3,200 S19j Pro Antminers.

Why is Hyperscale Data resuming Bitcoin mining operations in 2025?

The company is resuming operations due to the recent increase in Bitcoin price, which management believes is sustainable and will generate positive cash flow.