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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 31,061,000 $ 43,090,000 $ 87,219,000 $ 104,238,000
Total cost of revenue 22,516,000 34,358,000 64,273,000 80,207,000
Gross profit 8,545,000 8,732,000 22,946,000 24,031,000
Operating expenses        
Research and development 4,598,000 1,097,000 4,811,000 3,304,000
Selling and marketing 4,755,000 7,638,000 12,528,000 24,990,000
General and administrative 11,996,000 16,339,000 33,730,000 53,051,000
Impairment of property and equipment 11,791,000 3,895,000 19,746,000 3,895,000
Impairment of goodwill and intangible assets 35,570,000
Impairment of mined crypto assets 113,000 376,000
Total operating expenses 33,140,000 29,082,000 70,815,000 121,186,000
Loss from operations (24,595,000) (20,350,000) (47,869,000) (97,155,000)
Other income (expense):        
Interest and other income 766,000 278,000 2,118,000 3,612,000
Interest expense (7,766,000) (6,137,000) (18,825,000) (35,180,000)
Gain on conversion of investment in equity securities to marketable equity securities 17,900,000
(Loss) gain on extinguishment of debt (240,000) (1,546,000) 502,000 (1,700,000)
Loss from investment in unconsolidated entity (1,958,000)
Impairment of equity securities (6,266,000) (9,555,000)
Provision for loan losses, related party (3,068,000)
Change in fair value of warrant liability 499,000 2,655,000
Gain (loss) on the sale of fixed assets 32,000 (32,000) 64,000 2,728,000
Total other expense, net (7,208,000) (6,938,000) (9,533,000) (37,440,000)
Loss before income taxes (31,803,000) (27,288,000) (57,402,000) (134,595,000)
Income tax provision (benefit) 52,000 (565,000) 47,000 551,000
Net loss from continuing operations (31,855,000) (26,723,000) (57,449,000) (135,146,000)
Net gain (loss) from discontinued operations 2,216,000 (1,359,000) (779,000) (4,658,000)
Net loss (29,639,000) (28,082,000) (58,228,000) (139,804,000)
Net loss attributable to non-controlling interest 4,090,000 6,311,000 2,469,000 8,704,000
Net loss attributable to Hyperscale Data, Inc. (25,549,000) (21,771,000) (55,759,000) (131,100,000)
Preferred dividends (1,326,000) (412,000) (3,894,000) (963,000)
Net loss available to common stockholders $ (26,875,000) $ (22,183,000) $ (59,653,000) $ (132,063,000)
Basic and diluted net gain (loss) per common share:        
Basic net loss per common share continuing operations $ (0.77) $ (93.39) $ (2.03) $ (1,201.94)
Diluted net loss per common share continuing operations (0.77) (93.39) (2.03) (1,201.94)
Basic net loss per common share discontinued operations 0.06 (6.09) (0.03) (43.94)
Diluted net loss per common share discontinued operations 0.06 (6.09) (0.03) (43.94)
Basic net loss per common share (0.71) (99.48) (2.06) (1,245.88)
Diluted net loss per common share $ (0.71) $ (99.48) $ (2.06) $ (1,245.88)
Weighted average basic common shares outstanding 37,901,000 223,000 28,907,000 106,000
Weighted average diluted common shares outstanding 37,901,000 223,000 28,907,000 106,000
Comprehensive loss        
Foreign currency translation adjustment $ (221,000) $ (282,000) $ (621,000) $ (702,000)
Other comprehensive loss (221,000) (282,000) (621,000) (702,000)
Total comprehensive loss (27,096,000) (22,465,000) (60,274,000) (132,765,000)
Product [Member]        
Total revenue 2,215,000 17,554,000 5,785,000 25,754,000
Total cost of revenue 1,178,000 13,209,000 3,470,000 19,213,000
Digital Assets Mining [Member]        
Total revenue 5,264,000 7,558,000 25,201,000 23,273,000
Total cost of revenue 9,388,000 10,228,000 26,971,000 28,057,000
Hotel and real estate operations [Member]        
Total revenue 5,680,000 5,737,000 14,377,000 13,148,000
Total cost of revenue 3,498,000 3,279,000 9,633,000 9,086,000
Crane Operations [Member]        
Total revenue 12,327,000 12,490,000 36,945,000 37,726,000
Total cost of revenue 7,957,000 7,642,000 23,704,000 22,671,000
Lending and Trading Activities [Member]        
Total revenue 5,575,000 (249,000) 4,911,000 4,337,000
Total cost of revenue $ 495,000 $ 495,000 $ 1,180,000