---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-014009"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T16:19:25.233742+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BitNile subsidiary to acquire Circle 8 Crane assets for ~$40M

## Summary
- Circle 8 Newco (Ault Alliance subsidiary) acquires substantially all assets of Circle 8 Crane Services for ~$40M.
- Consideration: $16M cash plus assumption of ~$24M in asset-based debt.
- Closing expected by December 9, 2022, subject to customary conditions and financing receipt.
- Ault Alliance, Paramount Lifting Solutions, and management will own 64%, 20%, and 16% of Circle 8 Holdco, respectively.
- Circle 8 Newco forecasted to generate >$40M annual revenue in 2023.

## SEC filing metadata
- accession: 0001214659-22-014009
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465922014009/0001214659-22-014009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465922014009/p11162208k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-014009
- JSON: https://secwatch.observer/filing/0001214659-22-014009.json
- Plain text: https://secwatch.observer/filing/0001214659-22-014009.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Asset Purchase Agreement with Circle 8 Crane Services LLC (effective 2022-11-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Circle 8 Crane Services LLC
  - Effective: 2022-11-17
  source text: On November 17, 2022, Circle 8 Newco LLC, a Delaware limited liability company (“ Circle 8 Newco ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement” ) with Circle 8 Crane Services LLC, a Delaware limited liability company (“ Circle 8 Crane Services ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465922014009/0001214659-22-014009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.