Las Vegas, NV – May 29, 2026 – Hyperscale Data Inc. (GPUS) has terminated its At-the-Market (ATM) share sale program, a move that has seen its stock price dip despite the company simultaneously launching a $5 million share buyback tender offer. The company announced the end of its agreement with Spartan Capital Securities, with the termination officially taking effect on June 8, 2026. This shift away from continuous share issuance comes after the ATM program facilitated the sale of approximately 137.6 million shares, raising around $24.7 million in gross proceeds since December 2025.
The company's decision to cease further ATM sales, coupled with the initiation of a buyback, has generated a divided reaction among retail traders. While the ending of the ATM program aims to remove a significant source of potential selling pressure and dilution, the immediate market response has been a decline in stock value. The tender offer, which aims to repurchase shares at a price potentially above current trading levels, represents a comparatively smaller financial commitment on the company's balance sheet.
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Market Reactions and Retail Trader Discourse
Retail investors, a vocal segment of the market for GPUS, have been actively debating the implications of this strategic pivot on platforms like Stocktwits. The core of the discussion revolves around whether halting the dilutionary ATM program will finally provide a stabilizing influence on the stock, which has experienced considerable pressure from ongoing share sales.
The tender offer itself, which expires on June 8, 2026, is structured as a buyback of up to $5 million in stock. Initial reports suggest the company plans to fund this buyback using its existing cash reserves. The price point for this tender offer has been indicated at approximately $0.21 per share, a level some analysts believe presents an attractive entry or exit for shareholders.
Company Background and Financial Snapshot
Hyperscale Data, formerly Ault Alliance, Inc., operates in the AI data center and Bitcoin treasury space. Its business lines have historically encompassed various ventures, including military market solutions, digital currency mining, colocation, and hosting services.
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Current financial data from May 29, 2026, shows GPUS with a market capitalization of approximately $91.113 million and 485.42 million shares outstanding. The stock has been trading near the lower end of its 52-week range, with a low of $0.11 recorded on May 8, 2026, and a high of $7.00 on May 30, 2025. Recent trading on May 29, 2026, saw the stock edge slightly higher, closing at $0.1877. The company's trailing twelve-month (TTM) financial performance indicates significant challenges, with a negative EBITDA of -$38.123 million and a stark -196.18% Return on Equity (ROE). Revenue stands at $121.17 million, but the company struggles with profitability, evidenced by a negative Net Margin of -75.07%. The Debt-to-Equity ratio is also notable at 107.75%.
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