Hyperscale Data Inc 2026年季度报告

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026 Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission file number 1-12711 HYPERSCALE DATA, INC. (Exact name of registrant as specified in its charter) 94-1721931 Delaware (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 11411 Southern Highlands Parkway, Suite 190Las Vegas, NV 89141(Address of principal executive offices) (Zip code) (949) 444-5464(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding year (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. AcceleratedfilerSmallerreportingcompany LargeacceleratedfilerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).YesNo At May 15, 2026, the registrant had outstanding 461,457,281 shares of Class A common stock and 23,959,244 shares of Class Bcommon stock. HYPERSCALE DATA, INC.TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025F-1Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended March 31,2026 and 2025F-3Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31,2026 and 2025F-4Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025F-6Notes to Condensed Consolidated Financial StatementsF-8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations1Item 3.Quantitative and Qualitative Disclosures about Market Risk8Item 4.Controls and Procedures8PART II – OTHER INFORMATIONItem 1.Legal Proceedings11Item 1A.Risk Factors11Item 2.Unregistered Sales of Equity Securities and Use of Proceeds11Item 3.Defaults Upon Senior Securities11Item 4.Mine Safety Disclosures11Item 5.Other Information11Item 6.Exhibits12 Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements that involve a number of risks and uncertainties.Words such as “anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” “will,”“would,” “should,” “could,” and variations of such words and similar expressions are intended to identify such forward-lookingstatements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trendsin our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-lookingstatements. Such statements are based on management’s expectations as of the date of this filing and involve many risks anduncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements.Such risks and uncertainties include those described throughout this Quarterly Report on Form 10-Q and our Annual Report on Form10-K for the year ended December 31, 2025, particularly the “Risk Factors” sections of such reports. Given these risks anduncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements inthis Quarterly Report on Form 10-Q do not reflect the potential impact of any divestitures, mergers, acquisitions, or other businesscombinations that had not been completed as ofthe date of filing of this Quarterly Report on Form 10-Q. In addition, the