Hyperscale Data disclosed holding 1,106 Bitcoin valued at approximately $71.7 million, roughly $15 million above its market cap of $56.4 million. However, $216.7 million in total liabilities and a $90.1 million preferred-stock liquidation preference stand between the gross asset value and common shareholders. Additionally, $16.7 million in restricted crypto assets serve as collateral for convertible notes, and a $300 million at-the-market program could dilute remaining shares. The treatment of Bitcoin held by subsidiary ACG, expected to be divested in Q2 2027, also remains unspecified.
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