Hyperscale Data Reported FY24 Adj Revenue Of $150.4M

Benzinga

03-03

Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today reported preliminary unaudited financial results for the year ended December 31, 2024, reflecting significant revenue contributions from its two primary subsidiaries, (i) Sentinum, Inc. ("Sentinum"), whose subsidiary, Alliance Cloud Services, LLC ("ACS") owns the Michigan data center (the "Data Center"), which is focused on high-performance computing ("HPC") services powering artificial intelligence ("AI") infrastructure and (ii) Ault Capital Group, Inc. ("ACG"), which operates as a hybrid private equity firm. The Company also reaffirmed its commitment to transforming into a pure-play AI data center operator by the end of 2025.

2024 Unaudited Preliminary Financial Highlights:

Total revenue: $108.8 million;
Pro forma revenue (including Giga-tronics defense unit): $150.4 million;
Sentinum revenue: $30.6 million from crypto mining and $0.9 million from real estate leases;
ACG revenue: $77.3 million across energy, fintech, hotels and technology investments; and
Giga-tronics defense unit (deconsolidated and discontinued operations): $41.6 million in revenue.

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