---
title: "Hyperscale Data Plans Up to $33.5M Tokenized Preferred Stock Offering"
description: "The AI data center operator aims to tokenize 1.34 million Series D preferred shares to fund the expansion of its Michigan campus."
url: https://basisdesk.news/news/hyperscale-data-tokenized-series-d-preferred-stock-offering
published: 2026-10-14T10:07:27.272Z
modified: 2026-10-14T10:07:27.272Z
section: RWA & Tokenization
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: []
tags: [tokenization, real-world-assets, data-centers, preferred-stock, ai-infrastructure]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

The AI data center operator aims to tokenize 1.34 million Series D preferred shares to fund the expansion of its Michigan campus.

## At a glance

- **What happened:** Hyperscale Data announced plans to offer up to $33.5 million in tokenized Series D preferred stock to eligible investors on digital platforms.
- **Why it matters:** The capital will support power and cooling upgrades at the firm's Michigan AI facility without causing direct Class A common share dilution.
- **Who is affected:** Hyperscale Data, prospective tokenized security investors, and existing holders of NYSE American-listed GPUS PD shares.
- **What's next:** Hyperscale Data intends to announce implementation partners, custody setups, and distribution infrastructure once arrangements are finalized.
- **Status:** announced
- **Primary source:** [Hyperscale Data Announces Plans for up to $33.5 Million in Tokenized Series D Preferred Stock Offering](https://www.prnewswire.com/news-releases/hyperscale-data-announces-plans-for-up-to-33-5-million-in-tokenized-series-d-preferred-stock-offering-302908017.html) — PR Newswire

## Key points

- Hyperscale Data plans to offer up to 1,340,947 tokenized Series D preferred shares representing approximately $33.5 million in potential gross capital.
- The 13% cumulative dividend preferred stock trades on NYSE American and has recorded 52 straight monthly payout cycles since June 2022.
- Proceeds are designated for power, cooling, and utility infrastructure expansion at the company's Michigan AI computing facility.

## Editorial remark

- **Context:** Firms developing AI computing campuses require substantial upfront capital for energy and cooling infrastructure, prompting alternative financing methods via digital debt and equity formats.
- **Impact:** Eligible investors on digital securities platforms could access a yield-bearing public equity asset without causing immediate Class A common share dilution.
- **Watch:** Hyperscale Data's selection and disclosure of authorized digital securities platforms, custody providers, and specific international distribution channels.

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].

## Sources

1. [Hyperscale Data Announces Plans for up to $33.5 Million in Tokenized Series D Preferred Stock Offering](https://www.prnewswire.com/news-releases/hyperscale-data-announces-plans-for-up-to-33-5-million-in-tokenized-series-d-preferred-stock-offering-302908017.html) — PR Newswire, 2026-10-14

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai