Folks, wake up! Hyperscale Data (GPUS) Executive Chairman Milton “Todd” Ault III just sent a letter to shareholders that had me jumping out of my chair. As of this writing on November 14, 2025, the stock is still scraping around the low 30-cent zone, but Ault is basically screaming: “Look at what we actually own!” This thing is trading for pennies on the dollar of its hard assets. Boo-yah or what?
- The Jaw-Dropping Numbers Nobody Seems to Notice
- Bitcoin Treasury on Steroids — And They’re Never Selling Again
- Mining Fleet Just Got a Monster Upgrade
- The AI Data Center Moonshot
- Why Every Company Suddenly Wants Bitcoin on the Balance Sheet
- The Massive Upside Case
- The Very Real Risks — Because This Ain’t a Bond
- Bottom Line
The Jaw-Dropping Numbers Nobody Seems to Notice
Get this: as of October 31, total assets clock in at roughly $330 million — that’s over $1 per share. Net assets after liabilities? Around $150 million, or about 47 cents a share. Cash plus actual Bitcoin on the books? A massive $122 million. Meanwhile the market cap floats under $100 million on most days. That’s the kind of disconnect that makes value hunters salivate.
Bitcoin Treasury on Steroids — And They’re Never Selling Again
Hyperscale is going full MicroStrategy 2.0. Their Bitcoin treasury (coins they hold + cash specifically earmarked to keep buying) just hit $75 million and is marching straight to $100 million. They already own hundreds of actual BTC and have tens of millions more in dry powder for dollar-cost buying. Ault said it loud and clear: he “never wants to sell Bitcoin again.” That’s the kind of conviction that separates the winners from the tourists in this space.
Mining Fleet Just Got a Monster Upgrade
They’re not just buying coins — they’re making them. Thousands of brand-new, top-of-the-line Bitmain miners are landing right now in Michigan. These machines are the most efficient on the planet and should dramatically boost daily Bitcoin production without sucking down a ton more power. Same site is also getting wired for big AI computing customers. Two revenue streams, one killer location.
The AI Data Center Moonshot
Management is dead serious about becoming a major player in AI infrastructure. The Michigan campus is already running 30 megawatts, with plans to push to 70 MW soon and potentially hundreds more down the road using on-site natural gas generation. If they pull this off, we’re talking real recurring revenue that isn’t tied to the ups and downs of crypto prices.
Why Every Company Suddenly Wants Bitcoin on the Balance Sheet
Ever since certain pioneers showed the world you can supercharge your stock by treating Bitcoin like digital gold, boards everywhere are paying attention. It’s simple: Bitcoin tends to go up a lot over time, so owning a pile of it gives shareholders leveraged exposure without extra debt. For a company that already runs miners and power plants, it’s a no-brainer flywheel.
The Massive Upside Case
If Bitcoin resumes its march higher (and let’s be honest, it usually does), every tick up adds millions to the balance sheet overnight. Throw in profitable mining, growing AI hosting deals, and a clean balance sheet, and suddenly the stock could trade at multiples of today’s price just to catch up with the assets. That’s the kind of asymmetric bet people dream about.
The Very Real Risks — Because This Ain’t a Bond
Let’s not sugarcoat it: Bitcoin can get ugly fast on the downside. They’ve raised a ton of money this year by issuing new shares — dilution has been brutal. Turning the AI vision into actual paying customers takes time, permits, and more capital. Power costs, competition, regulatory curveballs — all the usual suspects are still lurking. This is high-octane rocket fuel, not a sleepy dividend payer.
Bottom Line
Todd Ault and his family are the largest shareholders and they’re acting like owners who believe the stock is ridiculously cheap compared to the assets. With Bitcoin roaring back, a modern mining operation firing up, and a real shot at the AI infrastructure boom, Hyperscale Data is one of the boldest public crypto-treasury plays out there right now. Volatile? Absolutely. Potentially explosive? You bet. Keep your eyes glued to GPUS — this story is just heating up!
