v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 4,241,000 $ 4,546,000
Restricted cash 20,371,000 20,476,000
Accounts receivable, net 9,154,000 6,165,000
Inventories 1,458,000 1,817,000
Investment in promissory notes and other, related party 19,816,000 20,802,000
Loans receivable, current 1,369,000 1,369,000
Prepaid expenses and other current assets 2,449,000 3,238,000
TOTAL CURRENT ASSETS 58,858,000 58,413,000
Intangible assets, net 1,718,000 1,844,000
Property and equipment, net 141,237,000 144,357,000
Right-of-use assets 4,258,000 3,697,000
Investments in common stock and equity securities, related party 2,181,000 2,190,000
Investments in other equity securities 2,804,000 2,802,000
Other assets 7,493,000 7,463,000
TOTAL ASSETS 218,549,000 220,766,000
CURRENT LIABILITIES    
Accounts payable and accrued expenses 52,537,000 59,475,000
Operating lease liability, current 1,489,000 1,627,000
Notes payable, current 91,909,000 95,768,000
Notes payable, related party, current 200,000 164,000
Convertible notes payable, current 22,906,000 19,569,000
Guarantee liability 38,900,000 38,900,000
TOTAL CURRENT LIABILITIES 207,941,000 215,503,000
LONG-TERM LIABILITIES    
Operating lease liability, non-current 2,989,000 2,269,000
Notes payable, non-current 829,000 904,000
TOTAL LIABILITIES 211,759,000 218,676,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value - 25,000,000 shares authorized; 2,160,267 and 2,029,450 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively (liquidation preference of $79,630,000 as of March 31, 2025) 2,000 2,000
Additional paid-in capital 672,082,000 668,817,000
Accumulated deficit (665,692,000) (628,950,000)
Accumulated other comprehensive loss (88,000) (668,000)
Treasury stock, at cost (30,571,000)
TOTAL HYPERSCALE DATA STOCKHOLDERS’ EQUITY 6,310,000 8,636,000
Non-controlling interest 480,000 (6,546,000)
TOTAL STOCKHOLDERS’ EQUITY 6,790,000 2,090,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 218,549,000 220,766,000
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value 1,000 1,000
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value $ 5,000 $ 5,000