The controlling shareholder group is actively buying into a declining stock price, with Ault & Company's largest single purchase (500,000 shares at $0.1685) occurring on the last reported day. This pattern suggests the group sees value below $0.17 and may continue accumulating. Monitor for any change in purpose or a going-private proposal, given the group already controls >60% of voting power.
Price Chart
Executive Summary
Milton C. Ault III and Ault & Company, Inc. filed Amendment No. 20 to their Schedule 13D, reporting continued open-market purchases of Hyperscale Data, Inc. (GPUS) Class A common stock. Since the prior amendment, Ault personally bought 166,300 shares (~$28,500) and Ault & Company bought 850,000 shares (~$152,000), with the stock price declining from ~$0.19 to ~$0.16 per share. The filing is a routine position update with no change in purpose or demands, but the persistent buying at declining prices signals insider conviction.
Key Financial Metrics
Key Facts
- Ault & Company now beneficially owns 327,705,405 Class A shares (60.6% on a converted basis), up from the prior filing.
- Milton C. Ault III beneficially owns 328,916,926 Class A shares (60.8% on a converted basis).
- Since Amendment No. 19, Ault personally purchased 166,300 shares at VWAPs from $0.1649 to $0.1859.
- Since Amendment No. 19, Ault & Company purchased 850,000 shares at VWAPs from $0.1685 to $0.1852.
- The filing states no change in purpose — the group continues to hold for investment purposes with no new demands.
- Outstanding Class A shares as of September 25, 2026: 216,843,708.
Financial Impact
Insider purchases of ~1,016,300 shares (~$180,500) over two weeks at declining prices, representing continued accumulation by the controlling shareholder group.
Risk Factors
- Extreme dilution risk: the preferred stock conversion price ($0.1712) is near the current trading price, meaning further dilution is possible if the stock stays low.
- Low liquidity and micro-cap volatility: the stock trades at ~$0.16 with a tiny market cap, making it susceptible to large swings.
- No stated catalyst or demand — the filing is purely an ownership update with no strategic change.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193805-26-001290 |
| Document: 0001193805-26-001290-index-headers.html | 0001193805-26-001290 |
| Document: 0001193805-26-001290-index.html | 0001193805-26-001290 |
| Document: 0001193805-26-001290.txt | 0001193805-26-001290 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $0.1370 | awaiting T+60 | — | $0.1800 (+31.39%) |
Oct 16, 2026 10d ago | Press Release | $0.1426 | awaiting T+60 | — | $0.1800 (+26.23%) |
Oct 15, 2026 11d ago | Press Release | $0.1451 | awaiting T+60 | — | $0.1800 (+24.05%) |
Oct 14, 2026 12d ago | Press Release | $0.1340 | awaiting T+60 | — | $0.1800 (+34.33%) |
Oct 13, 2026 13d ago | 424B5 | $0.1471 | awaiting T+60 | — | $0.1800 (−22.37%) |
Oct 13, 2026 13d ago | 8-K | $0.1471 | awaiting T+60 | — | $0.1800 (+22.37%) |
Oct 5, 2026 21d ago | Press Release | $0.1647 | awaiting T+60 | — | $0.1800 (+9.29%) |
Oct 2, 2026 24d ago | Press Release | $0.1698 | awaiting T+60 | — | $0.1800 (+6.01%) |
Oct 1, 2026 25d ago | SC 13D/A | $0.1644 | awaiting T+60 | — | $0.1800 (+9.49%) |
Oct 1, 2026 25d ago | Insider Cluster | $0.1644 | awaiting T+60 | — | $0.1800 (+9.49%) |
US Market Status
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