Hyperscale Data Plans Up to $33.5M Tokenized Preferred Stock Offering

Hyperscale Data announced on Oct. 14, 2026, that it intends to issue up to 1,340,947 tokenized units of its Series D Cumulative Redeemable Perpetual Preferred Stock ¹. Assuming an issue price of $25.00 per share, the proposed real-world asset distribution could yield roughly $33.5 million in gross capital ¹. The company stated that net receipts will predominantly finance construction, power distribution systems, cooling gear, and utility upgrades at its Michigan artificial intelligence facility ¹.

Under the planned arrangement, each digital token will mirror economic and legal entitlements of the existing NYSE American-listed Series D shares, trading under ticker GPUS PD ¹. The preferred instrument pays a fixed 13.00% annual cumulative dividend, equal to $3.25 annually or approximately $0.2708333 monthly per share ¹. Hyperscale Data noted it has completed 52 consecutive monthly dividend distributions since first issuing the asset in June 2022 ¹. However, the company cautioned that no secondary venue, domestic intermediary, or international exchange partnership has been formally established yet ¹.

Capital Structure and Strategic Outlook

Management emphasized that the offering utilizes preferred shares rather than Class A common stock, mitigating dilution because the Series D tier converts to common equity only under rare conditions ¹. Still, company officials acknowledged that the transaction increases recurring dividend liabilities and liquidation claims against operating cash flows ¹. Chief Executive Officer William B. Horne explained that tokenization offers a mechanism to access diverse funding channels while expanding computing capacity ¹.

To justify the added obligations, Hyperscale Data pointed to its previously released fiscal 2027 forecast, which anticipates annual revenue between $300 million and $350 million alongside Adjusted EBITDA of $60 million to $80 million ¹. Alongside data center operations run via Sentinum, Inc., the firm plans to divest its Ault Capital Group subsidiary during 2027 via an exchange involving Series F preferred stock, focusing core resources on high-performance infrastructure ¹.