NEW YORK, June 2, 2026, 14:08 (EDT)
Hyperscale Data Inc. shares jumped Tuesday afternoon, drawing eyes back to the low-priced stock after it pushed a story that now touches on AI data centers, Bitcoin, and balance-sheet moves. GPUS was last at $0.258, up 45.9% from Monday’s $0.1768 close. Trading volume was close to 244 million shares, according to market data.
Hyperscale said earlier Tuesday its Bitcoin treasury stood at 704.3405 Bitcoin as of May 31, worth about $51.8 million using a Bitcoin close of $73,579. The company said neither its Sentinum nor Ault Capital Group units bought Bitcoin on the open market in the week ended May 31.
Hyperscale shares have climbed less than a week after the company launched a tender offer to buy back stock. The filing details Hyperscale aiming to buy up to 23,809,523 Class A shares at $0.21 apiece, for no more than $5 million in total.
Hyperscale last week said it ended its at-the-market offering, after raising about $24.7 million by selling 137.6 million shares. The ATM program, which lets the company sell stock directly into the market, will formally terminate June 8. Hyperscale said no more shares will be sold under that plan.
But there’s a clear risk to the rally. A preliminary prospectus filed May 29 covers up to 43,011,836 Class A shares that could come from conversion of certain convertible notes. The filing warned that sales of these shares could hit the market price and dilute current holders. Dilution here means each existing share stands for a smaller ownership stake.
Bitcoin has been moving too. At the current Bitcoin price of $67,437, the same 704.3405 tokens would now fetch about $47.5 million—about 8.3% less than the value the company used for its May 31 valuation. The coin count is the same, but the reported dollar figure is sensitive to price moves.
Hyperscale is building out its hard-asset treasury case beyond crypto. On Monday, the firm said Ault Global Commodities picked The Wyoming Reserve to store physical precious metals, including 10,000 ounces of .999 fine silver, or silver that’s 99.9% pure. Jason Bartholomew, president of Ault Global Commodities, called security, transparency, and regulatory certainty top priorities. G. Miguel Perez-Santalla, managing director at The Wyoming Reserve, said the deal shows a focus on precious metals custody.
Hyperscale is in demand, but takes a different path from some bigger rivals. Last week, Reuters said data center operator IREN is set to buy around $1.6 billion of Nvidia Blackwell systems from Dell to boost AI power. Hut 8 struck a $9.8 billion, 15-year AI data center lease in Texas back in May. These moves explain why investors keep going after power, compute, and data-center space, even for firms that started with Bitcoin mining.
Hyperscale faces a clear downside if Bitcoin slips, if conversion shares show up, or if the stock trades under the $0.21 tender price. Any of those would show if Tuesday’s rally really signaled a new look at the company or was just another swing in a thin and noisy trading name.
