Hyperscale Data, Inc. entered into an At-the-Market (ATM) Issuance Sales Agreement to offer and sell shares of its Class A common stock. The company may sell shares having an aggregate offering price of up to $300 million from time to time through Spartan Capital Securities, LLC, which will act as the sales agent.
Key Details
- Agreement: The At-the-Market Issuance Sales Agreement was executed on June 18, 2026, with Spartan Capital Securities, LLC.
- Offering Details: The company may sell up to $300 million of its Class A common stock (GPUS). The sales agent will receive a commission equal to 3.0% of the gross proceeds from each sale.
- Use of Proceeds: A majority of the net proceeds are intended for developing its Michigan and Montana data facilities, acquiring more Bitcoin, and purchasing precious metals. The remainder is allocated for working capital and general corporate purposes.