NEW YORK, June 18, 2026, 12:01 EDT
- Hyperscale Data shares climbed around 8% in late-morning trade, hitting close to 59 cents earlier as volume spiked.
- The most recent confirmed news from the company was a preferred-stock dividend declaration. The larger trade is connected to its AI data center and Bitcoin updates.
- U.S. stock markets are trading on Thursday. Markets are closed on Friday for Juneteenth.
Hyperscale Data Inc. shares climbed Thursday, stretching a wild stretch as traders shrugged off a standard preferred-share dividend update and zeroed in on the company’s recent moves to pitch itself as an AI data-center stock holding Bitcoin.
Shares on NYSE American climbed 8.4% to 43.12 cents late morning after touching 58.77 cents earlier. Over 379 million shares changed hands, well above normal volumes for small-caps. The company’s market cap hovered around $164 million.
Hyperscale Data is making a push into a busy segment of the market, betting on data centers packed with power for artificial intelligence workloads. These AI jobs, which are used for training or running models, demand big draws on power, cooling, and server resources.
Hyperscale said Thursday its board set a monthly cash dividend at $0.2708333 per share for its 13.00% Series D preferred stock and $0.20833 per share for its 10.00% Series E preferred stock. Preferred stock gets paid before common shareholders. Both payouts are for holders on record as of June 30, payable July 10.
The move in the common stock does not seem tied to the dividend, which doesn’t include GPUS common shares. It’s more about what Hyperscale said earlier about its balance sheet and data center. On June 16, the company reported holding 713.5884 Bitcoin—about $46.9 million at the June 14 Bitcoin close—and about $40.2 million in cash and restricted cash. Combined, that was $87.1 million, which made up 73.34% of Hyperscale’s market cap at the time. That percentage has dropped as the stock climbed.
Fresh insider filings hit as well. A Form 4 showed Executive Chairman Milton C. Ault III picked up 5,000 Class A common shares at $0.2359 on June 16. Ault & Company grabbed 50,000 shares at $0.2353. The dollar amount isn’t big. Still, insider buying often juices a thinly traded name when momentum is already in play.
The Michigan campus is the main variable. Hyperscale said June 15 it’s in advanced talks for a master services deal to add 20 megawatts of AI compute capacity this year. That could mean 10 megawatts live in 90 days if they sign, then another 10 megawatts 90 days after. In data centers, a megawatt shows how much compute the site can handle. CEO Will Horne said he’s “confident in our prospects” and expects “significant updates” in the next days and weeks. PR Newswire
Hyperscale joins the power-tied AI infrastructure trade, alongside names like Applied Digital. Reuters said this month Applied Digital landed a 15-year, $5.2 billion AI data center lease with a U.S. hyperscaler. The difference is scale and deal security: Applied Digital discloses signed lease revenue, but Hyperscale’s Michigan deal is still being worked out.
But there are still a lot of risks. Hyperscale hasn’t locked in a firm customer agreement in Michigan yet, and its own statement notes the expansion depends on financing, regulatory and utility sign-offs, and other terms. The company also made a pre-paid advance deal with Yorkville this month, with the payment possibly offset by issuing Class A common shares at a set formula price, which could put pressure on current shareholders if it means more dilution. The company also faces swings from Bitcoin; Bitcoin dropped about 5.2% on Thursday.
The SPDR S&P 500 ETF gained roughly 0.5% and the Invesco QQQ Trust rose close to 1.8% on a positive tape, but Hyperscale shares moved much more on their own story. With U.S. equity markets closed Friday, June 19, for Juneteenth, markets have just Thursday to trade the stock this week.
