For the Three
Months Ended
March 31, 2024

Numerator:

Net income from continuing operations

$

14,188,000

Less: net income attributable to non-controlling interest, continuing operations

(7,135,000

)

Less: Preferred stock dividends

(1,260,000

)

Numerator for basic earnings per share (“EPS”) - Net income (loss) from continuing operations attributable to Hyperscale Data, Inc.

5,793,000

Numerator for basic EPS - Net loss from discontinued operations attributable to Hyperscale Data, Inc.

(3,336,000

)

Effect of dilutive securities:

Interest expense associated with convertible notes, continuing operations

7,000

Series C convertible preferred stock dividend

992,000

Numerator for diluted EPS - Net income from continuing operations attributable to Hyperscale Data, Inc., after the effect of dilutive securities

6,792,000

Numerator for diluted EPS - Net loss from discontinued operations attributable to Hyperscale Data, Inc.

$

(3,336,000

)

Denominator:

Denominator for basic EPS - Weighted average shares of common stock outstanding

460,000

Effect of dilutive securities:

Warrants

182,000

Convertible notes

163,000

Series C convertible preferred stock

237,000

Denominator for diluted EPS - Weighted average shares of common stock outstanding after the effect of dilutive securities

1,042,000

Basic net income (loss) per share from:

Continuing operations

$

12.59

Discontinued operations

(7.25

)

Basic net income per share

$

5.34

Diluted net income (loss) per share from:

Continuing operations

$

6.52

Discontinued operations

(3.20

)

Diluted net income per share

$

3.32