Hyperscale Data Secures $15.96 Million Advance from Yorkville

Hyperscale Data, Inc. has entered into a Pre-Paid Advance Agreement with Yorkville, a Cayman Islands investment firm, announced in a press release. Under the agreement, Yorkville will advance $15.96 million to Hyperscale Data, subject to a 6 percent discount for a net commitment of $15 million.

The advance carries an annual interest rate of 4 percent and is due, with interest, by December 10, 2027. Hyperscale Data stated that the proceeds will be used to further develop its Michigan data center campus and for general corporate purposes.

Yorkville may request the company to issue and sell shares of its Class A common stock to offset outstanding balances under the advance. The share price will be the lower of $0.2153 or 90 percent of the lowest daily volume weighted average price of the stock over the five trading days preceding the purchase notice, with a minimum price of $0.10 per share.

Hyperscale Data operates AI and Bitcoin anchored data centers through its subsidiary Sentinum, Inc. The company also plans to divest its holding firm, Ault Capital Group, in the second quarter of 2027.