v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 13,076,000 $ 4,546,000
Restricted cash 36,150,000 20,476,000
Accounts receivable, net 14,548,000 6,165,000
Inventories 4,812,000 1,817,000
Investments in promissory notes and other, related party 20,802,000
Loans receivable, current 187,000 1,369,000
Crypto assets 46,197,000 182,000
Prepaid expenses and other current assets 14,732,000 3,056,000
TOTAL CURRENT ASSETS 129,702,000 58,413,000
Intangible assets, net 13,673,000 1,844,000
Goodwill 10,326,000 295,000
Property and equipment, net 141,988,000 144,357,000
Right-of-use assets 6,651,000 3,697,000
Investments in common stock and equity securities, related party 15,000 2,190,000
Investments in other equity securities 4,108,000 2,802,000
Other assets 7,244,000 7,168,000
TOTAL ASSETS 313,707,000 220,766,000
CURRENT LIABILITIES    
Accounts payable and accrued expenses 39,207,000 59,475,000
Operating lease liability, current 1,776,000 1,627,000
Notes payable, current 82,055,000 95,768,000
Notes payable, related party, current 1,686,000 164,000
Convertible notes payable 6,750,000 19,569,000
Guarantee liability 38,900,000 38,900,000
TOTAL CURRENT LIABILITIES 170,374,000 215,503,000
LONG-TERM LIABILITIES    
Operating lease liability, non-current 5,198,000 2,269,000
Notes payable, non-current 1,066,000 904,000
Convertible notes payable, non-current 7,843,000
Other long-term liabilities 3,369,000
TOTAL LIABILITIES 187,850,000 218,676,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value - 25,000,000 shares authorized; 2,299,188 and 2,029,450 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively (liquidation preference of $90,025,000 as of December 31, 2025) 2,000 2,000
Additional paid-in capital 853,156,000 668,817,000
Accumulated deficit (734,560,000) (628,950,000)
Accumulated other comprehensive income (loss) 812,000 (668,000)
Treasury stock, at cost (30,571,000)
TOTAL HYPERSCALE DATA STOCKHOLDERS’ EQUITY 119,757,000 8,636,000
Non-controlling interest 6,100,000 (6,546,000)
TOTAL STOCKHOLDERS’ EQUITY 125,857,000 2,090,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 313,707,000 220,766,000
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value 323,000 1,000
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value $ 24,000 $ 5,000