# EDGAR Filing Document

**Accession Number:** 0000896493
**File Stem:** 0000921895-25-001814
**Filing Date:** 2025-6
**Character Count:** 14373
**Document Hash:** 3f154147be83a91288899617f638b915
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-001814.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0000921895-25-001814

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20241004

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AULT MILTON C III
- **CENTRAL INDEX KEY:** 0001212502

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12711
- **FILM NUMBER:** 251062660

**MAIL ADDRESS:**
- **STREET 1:** 11411 SOUTHERN HIGHLANDS PARKWAY
- **STREET 2:** SUITE 240
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ault & Company, Inc.
- **CENTRAL INDEX KEY:** 0001734770

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12711
- **FILM NUMBER:** 251062659

**BUSINESS ADDRESS:**
- **STREET 1:** 11411 SOUTHERN HIGHLANDS PARKWAY
- **STREET 2:** SUITE 240
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141
- **BUSINESS PHONE:** (888) 588-7174

**MAIL ADDRESS:**
- **STREET 1:** 11411 SOUTHERN HIGHLANDS PARKWAY
- **STREET 2:** SUITE 240
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hyperscale Data, Inc.
- **CENTRAL INDEX KEY:** 0000896493
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 941721931
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 11411 SOUTHERN HIGHLANDS PARKWAY
- **STREET 2:** SUITE 240
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141
- **BUSINESS PHONE:** (949) 444-5464 3679

**MAIL ADDRESS:**
- **STREET 1:** 11411 SOUTHERN HIGHLANDS PARKWAY
- **STREET 2:** SUITE 240
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ault Alliance, Inc.
- **DATE OF NAME CHANGE:** 20230103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BitNile Holdings, Inc.
- **DATE OF NAME CHANGE:** 20211213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ault Global Holdings, Inc.
- **DATE OF NAME CHANGE:** 20210119

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AULT MILTON C III<br><sub>(Last) (First) (Middle)</sub><br>11411 SOUTHERN HIGHLANDS PARKWAY<br>SUITE 190<br><sub>(Street)</sub><br>LAS VEGAS, NV 89141<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2024-10-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hyperscale Data, Inc. [ GPUS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Ault & Company, Inc.<br><sub>(Last) (First) (Middle)</sub><br>11411 SOUTHERN HIGHLANDS PARKWAY<br>SUITE 190<br><sub>(Street)</sub><br>LAS VEGAS, NV 89141<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2024-10-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hyperscale Data, Inc. [ GPUS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-10-04 |  | A |  | 350 |  | 2024-10-04 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 44650 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-10-04 |  | A |  | 2956<sup>(4)</sup> |  | 2025-04-04 | 2029-10-04 | Common Stock | 2956<sup>(4)</sup> | $0.00 | 377148<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-10-10 |  | A |  | 500 |  | 2024-10-10 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 45150 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-10-10 |  | A |  | 4223<sup>(4)</sup> |  | 2025-04-10 | 2029-10-10 | Common Stock | 4223<sup>(4)</sup> | $0.00 | 381371<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-10-18 |  | A |  | 450 |  | 2024-10-18 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 45600 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-10-18 |  | A |  | 3801<sup>(4)</sup> |  | 2025-04-18 | 2029-10-18 | Common Stock | 3801<sup>(4)</sup> | $0.00 | 385172<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-10-22 |  | A |  | 100 |  | 2024-10-22 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 45700 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-10-22 |  | A |  | 845<sup>(4)</sup> |  | 2025-04-22 | 2029-10-22 | Common Stock | 845<sup>(4)</sup> | $0.00 | 386017<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-11-13 |  | A |  | 95 |  | 2024-11-13 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 45795 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-11-13 |  | A |  | 802<sup>(4)</sup> |  | 2025-05-13 | 2029-11-13 | Common Stock | 802<sup>(4)</sup> | $0.00 | 386819<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-11-15 |  | A |  | 735 |  | 2024-11-15 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 46530 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-11-15 |  | A |  | 6208<sup>(4)</sup> |  | 2025-05-15 | 2029-11-15 | Common Stock | 6208<sup>(4)</sup> | $0.00 | 393027<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-11-19 |  | A |  | 400 |  | 2024-11-19 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 46930 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-11-19 |  | A |  | 3379<sup>(4)</sup> |  | 2025-05-19 | 2029-11-19 | Common Stock | 3379<sup>(4)</sup> | $0.00 | 396406<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-11-21 |  | A |  | 50 |  | 2024-11-21 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 46980 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-11-21 |  | A |  | 422<sup>(4)</sup> |  | 2025-05-21 | 2029-11-21 | Common Stock | 422<sup>(4)</sup> | $0.00 | 396828<sup>(4)</sup> | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-12-04 |  | A |  | 570 |  | 2024-12-04 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 47550 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-12-04 |  | A |  | 4815 |  | 2025-06-04 | 2029-12-04 | Common Stock | 4815 | $0.00 | 401643 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-12-10 |  | A |  | 50 |  | 2024-12-10 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 47600 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-12-10 |  | A |  | 422 |  | 2025-06-10 | 2029-12-10 | Common Stock | 422 | $0.00 | 402065 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-12-12 |  | A |  | 500 |  | 2024-12-12 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 48100 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-12-12 |  | A |  | 4223 |  | 2025-06-12 | 2029-12-12 | Common Stock | 4223 | $0.00 | 406288 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Class B Common Stock | $0.00 | 2024-12-16 |  | A |  | 4234561 |  | 2024-12-16 | <sup>(6)</sup> | Common Stock | 4234561 | 0.00<sup>(7)</sup> | 4234561 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Convertible Preferred Stock | <sup>(1)</sup> | 2024-12-20 |  | A |  | 1900 |  | 2024-12-20 | <sup>(2)</sup> | Common Stock | <sup>(3)</sup> | $1000 | 50000 | I | By Ault & Company, Inc.<sup>(5)</sup> |
| Series C Warrants | $118.3875 | 2024-12-20 |  | A |  | 16049 |  | 2025-06-20 | 2029-12-20 | Common Stock | 16049 | $0.00 | 422337 | I | By Ault & Company, Inc.<sup>(5)</sup> |

---

### Footnotes:

(1) Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $306.25 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.

(2) The Series C Convertible Preferred Stock has no expiration date.

(3) As of June 20, 2025, the Conversion Price was $1.0721 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 932.75 shares of Common Stock.

(4) All price and ownership figures have been adjusted for the 1-for-35 reverse stock split on November 22, 2024.

(5) Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.

(6) The Class B Common Stock does not expire.

(7) Received as stock dividend from Issuer.

**Remarks:**
Mr. Ault, Chief Executive Officer of Ault & Co., is a director of the Issuer. For purposes of Section 16 of the Exchange Act, Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer. Each share of Class B Common Stock carries 10 times the voting power of a share of Class A Common Stock.

**Signature:** /s/ Milton C. Ault, III  
**Date:** 2025-06-20

**Signature:** /s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.  
**Date:** 2025-06-20

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**