LAS VEGAS, August 25, 2026, 16:36 EDT – Hyperscale Data experienced a 17.3% decrease in share price after a 1-for-5 stock split caused its GPU units to fall below the $1 mark.
- Hyperscale Data ended its first trading session following the split at $0.3869, falling 17.33%.
- The 1-for-5 reverse stock split brought the number of Class A shares down to about 135.98 million.
- The adjusted close stayed 61.31% under the $1 mark.
Shares of Hyperscale Data, Inc. NYSE American: GPUS declined 17.33% to $0.3869 on Tuesday, following a 1-for-5 reverse stock split in its debut session post-split.
The adjustment from the split raised Monday’s $0.0936 reference price to $0.468. Most of that technical gain was wiped out by Tuesday’s drop, leaving GPUS down 61.31% from $1.
A reverse split merges multiple shares into one, leaving the core business unchanged. Hyperscale Data consolidated each set of five Class A shares into a single share at 11:59 p.m. EDT on Monday. Trading on a split-adjusted basis started Tuesday with a new CUSIP.
The company’s filing listed post-split Class A shares at roughly 135.98 million. Using Tuesday’s closing price, the estimated quoted equity value comes to $52.6 million. This amounted to a daily decline of about $11.0 million.
| Capital-structure test | Before adjustment | August 25 result |
|---|---|---|
| Class A shares | Approx. 679.91 million | Approx. 135.98 million |
| Reference price | $0.0936 | $0.468 after split |
| Session close | — | $0.3869 |
| Distance to $1 | — | 61.31% under |
| Estimated Class A value | $63.6 million | $52.6 million |
Trading volumes were high, with more than 24.3 million shares exchanged as of 3:23 p.m. EDT, when GPUS was priced at $0.4065. The session’s trading range spanned from $0.33 to $0.46.
The firm disclosed it held 278.0314 Bitcoin, valued at around $21.6 million as of August 23. This amount represented roughly 41% of the estimated Class A equity value on Tuesday. There were no Bitcoin transactions in the open market during the week.
That ratio leaves GPUS exposed to movements in Bitcoin prices. It further indicates that investors place minimal net value on the company’s remaining assets once obligations and funding requirements are considered.
Revenue for the second quarter increased by 34.8% to $34.84 million. The net loss attributable to common stockholders totaled $21.65 million, representing 62.2% of revenue. Operating cash outflow for the first half stood at $9.89 million.
Hyperscale Data plans to grow its data-center campus in Michigan. The firm states the facility’s capacity could total 340 megawatts, with 20 megawatts already committed by a customer. Over $100 million in capital investment is projected, but current liquidity will not cover needs for the next 12 months.
The split cut the number of issued shares, while the authorized total was unchanged. This maintains flexibility for future financing. However, dilution remains a risk if the company chooses to raise funds through equity for the Michigan expansion.
Risks: A rapid increase in Bitcoin value or stronger data-center contracts could boost the valuation in the near term. On the downside, more equity issuance with GPUS trading under $1 would dilute project economics over a wider group of shares.
The upcoming practical test is if management can obtain expansion funding without substantial dilution of common shares. The closing price on Tuesday indicates the reverse split by itself did not address market worries about financing.
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