Tue, Sep 24, 8:32 PM (87 days ago)
Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an amendment to its 10-K for the fiscal year ending December 31, 2023, primarily correcting typographical errors in the audit reports. The company reported significant financial challenges, including a net loss of $256.3 million, driven by high operating expenses of $184.8 million, including $47.6 million in goodwill impairments. Revenue increased to $156.4 million from $117.6 million, largely due to digital currency mining operations, which generated $33.1 million. The company faced liquidity issues, with negative working capital of $66.3 million and reliance on convertible debt and equity financing for operations. Future outlook remains uncertain, with risks including high debt levels and potential inability to raise capital. The company’s market position may be affected by ongoing operational adjustments and asset sales, including planned divestitures of hotel properties. The amendment does not alter previously reported financials, focusing on audit report corrections and compliance updates.