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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 24,843,000 $ 4,546,000
Restricted cash 22,845,000 20,476,000
Accounts receivable, net 6,686,000 6,165,000
Inventories 1,743,000 1,817,000
Investment in promissory notes and other, related party 27,596,000 20,802,000
Loans receivable, current 2,812,000 1,369,000
Prepaid expenses and other current assets 3,958,000 3,238,000
TOTAL CURRENT ASSETS 90,483,000 58,413,000
Crypto assets 6,803,000
Intangible assets, net 1,586,000 1,844,000
Property and equipment, net 131,653,000 144,357,000
Right-of-use assets 4,142,000 3,697,000
Investments in common stock and equity securities, related party 923,000 2,190,000
Investments in other equity securities 251,000 2,802,000
Other assets 6,553,000 7,463,000
TOTAL ASSETS 242,394,000 220,766,000
CURRENT LIABILITIES    
Accounts payable and accrued expenses 47,162,000 59,475,000
Operating lease liability, current 1,173,000 1,627,000
Notes payable, current 78,359,000 95,768,000
Notes payable, related party, current 3,716,000 164,000
Convertible notes payable 10,525,000 19,569,000
Guarantee liability 38,900,000 38,900,000
TOTAL CURRENT LIABILITIES 179,835,000 215,503,000
LONG-TERM LIABILITIES    
Operating lease liability, non-current 3,150,000 2,269,000
Notes payable, non-current 1,680,000 904,000
TOTAL LIABILITIES 184,665,000 218,676,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value - 25,000,000 shares authorized; 2,296,188 and 2,029,450 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively (liquidation preference of $87,025,000 as of September 30, 2025) 2,000 2,000
Additional paid-in capital 758,121,000 668,817,000
Accumulated deficit (702,214,000) (628,950,000)
Accumulated other comprehensive loss (131,000) (668,000)
Treasury stock, at cost (30,571,000)
TOTAL HYPERSCALE DATA STOCKHOLDERS’ EQUITY 55,914,000 8,636,000
Non-controlling interest 1,815,000 (6,546,000)
TOTAL STOCKHOLDERS’ EQUITY 57,729,000 2,090,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 242,394,000 220,766,000
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value 131,000 1,000
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value $ 5,000 $ 5,000