Hyperscale Data, Inc. (NYSE American: GPUS) has amended its At-the-Market (ATM) Issuance Sales Agreement with Spartan Capital Securities, LLC, reducing the maximum amount of common stock that may be sold under the program. The amendment, dated October 9, 2026, and announced on October 12, 2026, lowers the aggregate offering capacity from $300,000,000 to $100,000,000.
As of the date of the filing, the company has sold 121,827,841 shares of Class A common stock, par value $0.001, generating aggregate gross proceeds of $49,781,885, or approximately $0.41 per share.
CEO Will Horne stated that the reduction reflects a commitment to disciplined capital management. The company cited its current capital plans, specifically the buildout of a Michigan AI data center to support 20 megawatts of critical compute capacity for a neocloud customer. The company intends to fund the facility buildout costs with debt financing, estimating project debt between $100 million and $150 million.
The company also noted its subsidiary, Ault Capital Group, Inc. (ACG), which is a hybrid private equity firm. Hyperscale Data expects the divestiture of ACG to occur in 2027, pending an exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG.
