---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-005420"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:20:33.104731+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance restates 2020-2021 financials on classification error; net loss revised down $0.9M and $3.3M

## Summary
- Restatement due to misclassification of fair value changes on related-party financial instruments; no impact on assets, liabilities, total equity, or cash flows.
- 2021 net loss improved from $24.2M to $23.3M; 2020 net loss improved from $32.7M to $29.4M.
- Management and Audit Committee conclude disclosure controls and ICFR were not effective; remediation plan in process.
- Restatement relates to previously disclosed SEC investigation.

## SEC filing metadata
- accession: 0001214659-23-005420
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923005420/0001214659-23-005420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923005420/r4132328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-005420
- JSON: https://secwatch.observer/filing/0001214659-23-005420.json
- Plain text: https://secwatch.observer/filing/0001214659-23-005420.txt

## Key facts
- Auditor Changes
  Hyperscale Data, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On April 14, 2023, the management of Ault Alliance, Inc. (the "Company") concluded that the Company's previously issued financial statements for the year ended December 31, 2021, as well as for the interim periods included in that fiscal year (the "Restated Periods"), should no longer be relied upon because of errors in classification
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923005420/0001214659-23-005420-index.htm

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