---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-25-016047"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:07:34.497603+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data reports $0.47 net asset value per share; cash+Bitcoin $122M vs $0.35 stock

## Summary
- Estimated total assets $330M ($1.02/share), net assets $150M ($0.47/share) as of Oct 31, 2025.
- Cash and Bitcoin holdings of $122M represent 97% of the company's market capitalization.
- Invested $16M in October to acquire 4,092 next-generation Bitmain S21+ miners.
- Reduced outstanding debt by more than $30 million year-to-date.
- Common stock trades below $0.35; company believes market price undervalues asset base.

## SEC filing metadata
- accession: 0001214659-25-016047
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465925016047/0001214659-25-016047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465925016047/w1162518k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-25-016047
- JSON: https://secwatch.observer/filing/0001214659-25-016047.json
- Plain text: https://secwatch.observer/filing/0001214659-25-016047.txt

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