On Monday, November 24, 2025, shares of Hyperscale Data Inc. (NYSE American: GPUS) were trading higher after the company announced it has joined the global top 100 public Bitcoin treasury companies, underscoring its transformation into a high‑beta bet on both AI data centers and Bitcoin. [1]
As of mid‑afternoon trading, GPUS stock was changing hands at roughly $0.28, up about 12% on the day from a previous close near $0.25, with intraday prices ranging between roughly $0.27 and $0.29. [2] While that bounce grabbed traders’ attention, the stock remains down more than 95% from its 52‑week high near $10, highlighting just how speculative this name still is. [3]
Below is a detailed look at GPUS stock today—what moved it, how the company’s Bitcoin strategy is evolving, and what investors may want to watch next.
GPUS stock price today: a double‑digit move in a penny‑stock range
Based on real‑time market data from U.S. exchanges on Monday afternoon: [4]
- Last trade (approx.): ~$0.28 per share
- Day change: up about 11–12% versus Friday’s close around $0.25
- Intraday range: roughly $0.27 – $0.29
- Previous close:$0.2536
- Estimated market capitalization: around $95–100 million
- 52‑week range: approximately $0.20 (low) – $9.98 (high)
- Volume: about 30 million shares today, vs. an average volume near 130 million shares in recent periods [5]
With a share price under a dollar, GPUS trades firmly in penny‑stock territory, and its beta above 2.5 signals very high volatility compared with the broader market. [6] For short‑term traders, that can be appealing; for long‑term investors, it’s a reminder that even big percentage moves can happen on a tiny absolute price base.
The catalyst: Hyperscale Data joins the global top 100 Bitcoin treasuries
The main news driver for GPUS stock today is a fresh press release dated November 24, 2025. Hyperscale Data announced that it has joined the list of the top 100 global public Bitcoin treasury companies, based on data compiled by BitcoinTreasuries. [7]
Key details from that announcement:
- The company is listed at #94 on the public Bitcoin treasury ranking, initially based on holdings of 150 Bitcoin. [8]
- Hyperscale Data now reports approximately 382 Bitcoin on its balance sheet, which management says would place it inside the top 75 public Bitcoin treasuries if rankings were updated, assuming other companies’ holdings are unchanged. [9]
- Bitcoin is sourced from mining operations at the company’s Michigan AI data center campus and its facilities in Montana, combined with ongoing open‑market purchases. [10]
- The company reiterates a long‑term goal of reaching the top 10 global public Bitcoin treasuries. [11]
In the release, Executive Chairman Milton “Todd” Ault III emphasizes that Hyperscale Data both mines Bitcoin daily and buys Bitcoin weekly, following a dollar‑cost‑averaging strategy that continues regardless of short‑term market volatility. [12]
Today’s stock move reflects how tightly GPUS now trades around headline risk and sentiment related to Bitcoin, not just traditional fundamentals.
How large is Hyperscale Data’s Bitcoin treasury?
The November 24 milestone builds on a string of Bitcoin‑focused updates the company has issued throughout November.
In a November 18, 2025 release, Hyperscale Data disclosed that its Bitcoin treasury—including both Bitcoin holdings and cash earmarked for future Bitcoin purchases—totaled approximately $72.5 million, based on Bitcoin prices as of November 16. [13]
That disclosure broke down as:
- 332.2516 Bitcoin held by its subsidiary Sentinum, Inc.
- A market value of about $31.3 million for those coins at a Bitcoin price of $94,117 on November 16
- $41.25 million in cash specifically allocated for additional Bitcoin purchases
Taken together, that $72.5 million digital asset treasury represented roughly 94% of Hyperscale Data’s market capitalization at that time, based on the closing stock price on November 17. [14]
Since then, the company says its Bitcoin holdings have risen to approximately 382 BTC as of the November 24 announcement, suggesting continued aggressive accumulation on top of mining output. [15]
Given today’s market cap near $100 million, Hyperscale Data’s combination of Bitcoin plus cash dedicated to Bitcoin still appears to represent a very large share of the company’s overall value, effectively making GPUS behave like a leveraged Bitcoin proxy with an AI‑data‑center infrastructure wrapper. [16]
AI data centers, mining, and GPU cloud: more than just a Bitcoin wallet
While Bitcoin dominates the headlines, Hyperscale Data pitches itself as an AI data center company “anchored by Bitcoin.” [17]
According to recent company materials and regulatory filings: [18]
- Through Sentinum, Hyperscale Data operates a data center platform that supports Bitcoin mining, colocation, and hosting for high‑performance computing workloads, including generative AI.
- The company is expanding at its Michigan AI campus, where it has also announced plans to offer on‑demand NVIDIA GPU cloud services, including access to high‑end chips like H100, B200, and B300 GPUs, via an alliance cloud model. [19]
- In addition to digital assets and AI infrastructure, Hyperscale Data — via its subsidiary Ault Capital Group (ACG) — still holds stakes in a variety of legacy businesses, including crane rental and lifting solutions, defense/aerospace, industrial, automotive, hospitality, and an AI software platform called askROI. [20]
Management has stated that it expects to divest Ault Capital Group by the second quarter of 2026, at which point Hyperscale Data would be primarily an owner and operator of AI‑focused data centers and a corporate holder of digital assets, especially Bitcoin. [21]
For investors, that shift means GPUS is trying to reposition from an eclectic conglomerate into a more narrowly focused AI + Bitcoin infrastructure play—but the transition is still in progress.
Financial performance: revenue, losses and recent earnings
Behind the Bitcoin headlines, Hyperscale Data continues to post significant accounting losses.
Based on trailing‑twelve‑month (TTM) data: [22]
- Revenue (TTM): about $94.7 million
- Net loss (TTM): approximately $44.5 million
- Earnings per share (TTM): around –$3.29
- Price‑to‑earnings ratio: not meaningful (negative earnings)
For the most recent reported quarter (with results released on November 17, 2025), Hyperscale Data reported: [23]
- Quarterly revenue: about $24.3 million
- Quarterly EPS: roughly –$0.39
The company has also been very active in the capital markets:
- Earlier in November, Hyperscale Data announced the completion of a $125 million at‑the‑market (ATM) equity program, which bolstered its ability to buy Bitcoin and invest in infrastructure. [24]
- It subsequently filed a $1 billion mixed shelf registration with the SEC, enabling the potential issuance of common stock, preferred stock, and debt securities in future offerings. [25]
These steps give the company the flexibility to keep funding its Bitcoin and AI data center expansion, but they also raise the risk of future shareholder dilution if more equity is issued.
Volatility, technicals and risk profile
From a trading perspective, GPUS checks nearly every box for a high‑risk, high‑volatility stock:
- The stock’s 52‑week high near $9.98 versus today’s ~$0.28 underscores a drawdown of roughly 97% over the past year. [26]
- Beta above 2.5 suggests GPUS tends to move more than twice as much as the overall market in either direction. [27]
- Technical summaries on some data platforms currently flag GPUS as a “strong sell” based on moving averages and other indicators, even with today’s bounce. [28]
- Average daily volume near 130 million shares indicates intense speculative interest, especially among retail traders. [29]
Adding to that volatility is the company’s explicit commitment to Bitcoin. In a prior letter to stockholders earlier this month, Executive Chairman Todd Ault said he “never wants to sell Bitcoin again,” highlighting just how long‑term—and aggressive—the strategy is intended to be. [30]
For investors, that means GPUS is exposed to Bitcoin price swings, regulatory shifts around corporate digital asset holdings, energy and mining economics, and equity dilution risks, on top of the usual uncertainties of an early‑stage AI infrastructure business.
What today’s move in GPUS stock could mean for investors
Today’s 11–12% jump in GPUS stock is modest in dollar terms but meaningful as a read‑through on market sentiment. Here’s what it may suggest:
- Bitcoin‑linked headlines are driving the narrative
The biggest single catalyst today is the top‑100 Bitcoin treasury ranking and the update to 382 BTC in holdings. That reinforces the perception of GPUS as a “Bitcoin‑anchored” equity, rather than a traditional data center or industrial stock. [31] - Digital asset value vs. equity value is still tightly coupled
With previous disclosures showing digital assets and dedicated cash nearing the size of the company’s entire market cap, the stock may continue to trade more on changes in Bitcoin price and treasury size than on quarterly revenue or EPS—at least in the near term. [32] - The AI infrastructure story is still being built out
Hyperscale Data’s plans to expand GPU cloud services from its Michigan AI campus could eventually make fundamentals like utilization, power costs, and data center margins matter more for valuation. For now, those initiatives are still early and overshadowed by the Bitcoin narrative. [33] - Dilution and balance‑sheet strategy remain key overhangs
The completed ATM program and the $1 billion shelf registration mean Hyperscale Data has plenty of capacity to raise capital—but often by issuing more stock. Existing shareholders will be sensitive to any future offerings and to how efficiently those funds are deployed into mining gear, data centers, or additional Bitcoin. [34]
Key things to watch next for GPUS stock
Investors following GPUS in the coming weeks and months may want to monitor:
- Bitcoin price direction and volatility
Because so much of Hyperscale Data’s value proposition now sits in its Bitcoin treasury, sharp moves in BTC can directly influence how investors perceive GPUS’s net asset value. - Updates on Bitcoin holdings and treasury allocation
The company has been issuing frequent updates on the size of its Bitcoin holdings and cash set aside for future purchases. Any acceleration—or slowdown—in that accumulation will feed into sentiment. [35] - Progress on AI data center and GPU cloud initiatives
Concrete milestones such as bringing new data center capacity online, deploying additional Bitmain miners, or ramping NVIDIA GPU cloud services could help shift the story from pure Bitcoin exposure toward revenue‑generating infrastructure. [36] - Regulatory and exchange developments
The company recently announced it had regained compliance with NYSE American listing standards, an important step for maintaining access to public equity markets. Investors will be watching to ensure it stays in good standing. [37] - Further capital raises or balance‑sheet moves
Any new equity or debt offerings under the shelf registration, or large Bitcoin purchases funded through new capital, will affect both share count and risk profile.
FAQ: GPUS stock (November 24, 2025)
Why is GPUS stock up today?
GPUS stock is trading higher today primarily because Hyperscale Data announced that it has joined the global top 100 public Bitcoin treasury companies and now holds around 382 Bitcoin, reinforcing its identity as a Bitcoin‑anchored AI data center company. [38]
How much did GPUS stock move?
As of mid‑session on November 24, 2025, GPUS was up about 11–12%, trading near $0.28 versus a prior close of about $0.25. [39]
Is GPUS stock just a Bitcoin proxy now?
Not entirely. Hyperscale Data still runs data centers, Bitcoin mining operations, and various legacy businesses, and it plans to expand GPU cloud services. However, its Bitcoin and Bitcoin‑dedicated cash reserves are very large relative to its market cap, so the stock often trades more like a high‑beta Bitcoin play than a typical infrastructure company. [40]
Is GPUS profitable?
No. On a trailing‑twelve‑month basis, Hyperscale Data has generated around $94–107 million in revenue but remains loss‑making, with a net loss of roughly $40–60 million and negative EPS. [41]
Bottom line
GPUS stock’s jump today is another reminder that Hyperscale Data has become one of the market’s more aggressive corporate Bitcoin plays, wrapped in an emerging AI data center story. The company’s top‑100 Bitcoin treasury ranking, expanding BTC holdings, and bold goal of reaching the top 10 help explain why traders rushed into the stock on November 24, 2025. [42]
At the same time, GPUS remains:
- Highly speculative and extremely volatile
- Unprofitable, with a history of substantial net losses
- Potentially exposed to dilution risk as it continues to tap capital markets
For readers and investors, today’s move is best viewed as part of an ongoing experiment: can Hyperscale Data successfully marry AI infrastructure and corporate Bitcoin reserves into a durable, cash‑generating business model?
As always, this overview is for informational purposes only and does not constitute financial or investment advice. Anyone considering GPUS stock should carefully review the company’s SEC filings, press releases, and risk disclosures, and consider speaking with a qualified financial professional before making any investment decisions.
References
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