v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 10,548,000 $ 13,076,000
Restricted cash 25,749,000 36,150,000
Accounts receivable, net 17,034,000 14,548,000
Inventories 5,158,000 4,812,000
Loans receivable, current 2,282,000 187,000
Crypto assets 26,251,000 46,197,000
Prepaid expenses and other current assets 16,277,000 14,732,000
TOTAL CURRENT ASSETS 103,299,000 129,702,000
Crypto assets, restricted 16,666,000
Intangible assets, net 13,417,000 13,673,000
Goodwill 10,108,000 10,326,000
Property and equipment, net 147,050,000 141,988,000
Right-of-use assets 7,677,000 6,651,000
Investments in common stock and equity securities, related party 9,000 15,000
Investments in other equity securities 14,275,000 4,108,000
Other assets 7,059,000 7,244,000
TOTAL ASSETS 319,560,000 313,707,000
CURRENT LIABILITIES    
Accounts payable and accrued expenses 60,602,000 39,207,000
Operating lease liability, current 1,974,000 1,776,000
Notes payable, current 88,772,000 82,055,000
Notes payable, related party, current 901,000 1,686,000
Convertible notes payable 4,899,000 6,750,000
Guarantee liability 38,900,000 38,900,000
TOTAL CURRENT LIABILITIES 196,048,000 170,374,000
LONG-TERM LIABILITIES    
Operating lease liability, non-current 6,081,000 5,198,000
Notes payable, non-current 2,366,000 1,066,000
Convertible notes payable, non-current 8,471,000 7,843,000
Other long-term liabilities 3,687,000 3,369,000
TOTAL LIABILITIES 216,653,000 187,850,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value - 25,000,000 shares authorized; 2,301,686 and 2,299,188 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively (liquidation preference of $90,088,000 as of March 31, 2026) 2,000 2,000
Additional paid-in capital 863,607,000 853,156,000
Accumulated deficit (767,016,000) (734,560,000)
Accumulated other comprehensive income 6,000 812,000
TOTAL HYPERSCALE DATA STOCKHOLDERS’ EQUITY 96,993,000 119,757,000
Non-controlling interest 5,914,000 6,100,000
TOTAL STOCKHOLDERS’ EQUITY 102,907,000 125,857,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 319,560,000 313,707,000
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value 370,000 323,000
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common Stock, value $ 24,000 $ 24,000