Spartan Capital Securities Appointed Sales Agent for Hyperscale Data’s $50 Million At-the-Market Offering

Spartan Capital Securities, LLC announced in December 2025 that it had entered into a sales agreement with Hyperscale Data, Inc. (NYSE American: GPUS) in connection with a newly established at-the-market (“ATM”) equity offering.

Pursuant to the sales agreement, Hyperscale Data may issue and sell shares of its common stock from time to time for aggregate gross proceeds of up to $50 million. Sales may be executed through ordinary brokerage transactions on the NYSE American at prevailing market prices, providing the Company with a flexible capital-raising mechanism aligned with its long-term strategic priorities.

Hyperscale Data operates as an artificial intelligence data center company with a business model anchored by Bitcoin. The Company expects to allocate a substantial portion of any net proceeds toward the acquisition of Bitcoin and the continued development of its Michigan-based data center facility. Remaining proceeds may be used for working capital and other general corporate purposes.

“Hyperscale Data is advancing a differentiated strategy at the intersection of AI infrastructure and digital asset ownership,” said John Lowry, Chief Executive Officer of Spartan Capital Securities, LLC. “We are pleased to support the Company through an at-the-market program that offers capital flexibility as it continues to execute on its growth initiatives.”

Michael Best & Friedman LLP acted as legal counsel to Spartan Capital Securities, LLC in connection with the offering.

The shares offered under the ATM program are being issued pursuant to an effective shelf registration statement filed with and declared effective by the U.S. Securities and Exchange Commission on December 11, 2025. Additional information is available in Hyperscale Data’s filings with the SEC at www.sec.gov

This article is provided for informational purposes in connection with securities offered pursuant to applicable registration and qualification under securities laws.

About Spartan Capital Securities, LLC, Member FINRA, SIPC, MSRB

Spartan Capital Securities, LLC is a full-service investment banking firm offering a comprehensive range of services to institutional clients and growth-oriented companies. Known for its expertise in capital raising and strategic advisory, Spartan Capital delivers tailored solutions aligned with client objectives. 

About Hyperscale Data, Inc.

Hyperscale Data, Inc. (NYSE American: GPUS) is an artificial intelligence ("AI") data center company anchored by Bitcoin. Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.