Hyperscale Data Announces Intent to Sell Land Leases and Power Contracts of its Montana Data Properties to Focus on Michigan Flagship Campus

Company to Strengthen Balance Sheet and Accelerate Growth of AI and HPC Infrastructure at Michigan Facility

LAS VEGAS, Sept. 11, 2025 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced its intention to sell the land leases and power contracts relating to its two Montana data center properties in order to concentrate resources on its flagship Michigan campus.

In February 2023, BNI Montana, LLC, a wholly owned subsidiary of Sentinum, Inc. ("Sentinum"), which is Hyperscale Data's wholly owned subsidiary, acquired two land lease agreements and two corresponding power purchase agreements in Montana. The lease and power agreements run for a period of 10 years from June 2022, with a 10-year renewal option. Sentinum built out and developed a fully operational data center on one of the two properties.  Each of the two properties, when developed, has the ability to provide approximately 10 megawatts ("MW") of power. Sentinum currently conducts crypto asset mining at the one site that has been developed. The planned divestiture reflects Sentinum's sharpened focus on building long-term enterprise value at its Michigan data center, which is positioned to become a cornerstone artificial intelligence ("AI") and high-performance computing ("HPC") hub.

The Michigan facility, owned by Alliance Cloud Services, LLC, a wholly owned subsidiary of Sentinum, currently provides approximately 30 MW of power capacity. The Company is advancing a staged build-out that is expected to reach 70 MW over the next 20 months through new natural gas distribution infrastructure enabling on-site generation. Ultimately, subject to reaching an agreement with the local utility provider, navigating unknown regulatory challenges and securing appropriate funding, Hyperscale Data anticipates the Michigan campus could expand to approximately 340 MW of capacity.

By consolidating resources in Michigan, the Company desires to maximize stockholder value, strengthen its competitive positioning and advance its role as a provider of purpose-built AI and HPC infrastructure for enterprise clients.

"We believe Michigan could be a long-term asset that is worth a large multiple of its current value, and we want to focus our energy there," said William B. Horne, Chief Executive Officer of Hyperscale Data. "This decision allows us to direct both capital and management attention to a facility that offers the scale and infrastructure advantages necessary to execute on our vision."

If the Company is able to find a buyer and close upon the sale of the Montana assets, the proceeds are expected to further strengthen the balance sheet and accelerate the Michigan build-out.

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, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging 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 currently expects the divestiture of ACG (the "Divestiture") to occur in the first quarter of 2026. Upon the occurrence of the Divestiture, the Company will be an owner and operator of data centers to support HPC services, as well as a holder of digital assets. 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 and hotel operations. In addition, ACG is actively engaged in providing 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 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 shareholders 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.

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SOURCE Hyperscale Data Inc.