Hyperscale Data to Host Conference Call to Discuss Positive Michigan AI Data Center Developments and Montana Expansion Opportunities and Long-Term Growth Strategy

Big promises, little proof—most claims are years away and highly uncertain.

Risk flags

• ●Execution risk is extremely high, as the company's main claims are all forward-looking and contingent on multiple uncertain factors such as regulatory approvals, financing, and utility agreements. Investors face the possibility that none of the projected capacity expansions will materialize on the stated timeline, or at all.
• ●Disclosure risk is significant: the announcement omits all operational and financial performance data, providing no insight into current revenues, profitability, or even whether any data centers are operational. This lack of transparency makes it impossible to assess the company's real progress or financial health.
• ●Capital intensity risk is flagged by the company's own references to large-scale power infrastructure, potential use of SMRs, and the need for substantial development at multiple sites. Such projects typically require hundreds of millions in upfront investment, and the company provides no evidence of secured funding or committed capital.
• ●Timeline risk is acute, with the only dated milestone—the Ault Capital Group divestiture—not expected until Q2 2027. All other targets are described as 'long-term' or 'potential,' meaning investors could wait years before knowing if any value will be realized.
• ●Pattern risk is present in the aggregation of uncommitted, future targets (590 MW) as if they represent current or near-term capacity. This exaggerates the company's actual position and may mislead investors about the scale and immediacy of the opportunity.
• ●Technology risk is introduced by the mention of Small Modular Reactors (SMRs), a next-generation nuclear technology that is not yet commercially proven at scale for data center applications. The feasibility, regulatory acceptance, and cost of deploying SMRs remain highly uncertain.
• ●Divestiture risk is material, as the planned separation of Ault Capital Group is only an expectation at this stage, with no binding agreements or regulatory approvals disclosed. If the divestiture does not occur as planned, the company's stated future business model could be compromised.
• ●Leadership concentration risk exists, as the only notable individuals mentioned are the Executive Chairman and CEO. There is no evidence of outside institutional validation, strategic partnerships, or third-party investment, which would help de-risk the story.

Bottom line

For investors, this announcement is almost entirely about future potential rather than present reality. The company is selling a vision of massive data center capacity and advanced power infrastructure, but provides no evidence of actual progress, operational assets, or financial performance. The only realised actions are administrative: scheduling a conference call and issuing preferred stock. There is no mention of customer demand, signed contracts, or even construction underway, making the narrative highly speculative. The involvement of the Executive Chairman and CEO is standard for a company update and does not signal outside validation or institutional commitment. To change this assessment, the company would need to disclose binding utility agreements, construction milestones, committed financing, or customer contracts—anything that demonstrates real, de-risked progress toward its stated goals. In the next reporting period, investors should look for hard evidence of capacity coming online, signed power purchase agreements, or meaningful revenue generation. Until then, this announcement should be treated as a high-hype, low-signal event: worth monitoring for future developments, but not a basis for immediate investment. The single most important takeaway is that nearly all of the company's value proposition remains aspirational and unproven, with substantial risks and a long, uncertain path to realisation.

Announcement summary

(NYSE:GPUS) Hyperscale Data, Inc. announced that Executive Chairman Milton "Todd" Ault III and Chief Executive Officer William Horne will host a conference call for stockholders and interested parties on Wednesday, June 24, 2026, at 2:30 PM PT. The conference call will provide an update on recent developments at the Company's Michigan AI data center campus and planned Montana operations, including a long-term target of up to 340 megawatts (" MW ") of power capacity at the Michigan campus. The Company expects to provide an update on its Montana operations, where recent utility-related developments have created a potential path to up to 125 MW of capacity at each of its two Montana locations, representing an additional 250 MW of future development potential. Together, these opportunities represent a long-term vision of up to approximately 590 MW across the Company's Michigan and Montana assets. On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. Hyperscale Data currently expects the divestiture of Ault Capital Group, Inc. (" ACG ") to occur in the second quarter of 2027. The company projects that upon the occurrence of the Divestiture, it would be an owner and operator of data centers to support high-performance computing services, as well as a holder of digital assets.

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