Hyperscale Data, Inc. Q3 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Q3 Earnings Summary – Ault Global Holdings (Soon to be BitNile Holdings)

  • Revenue: $44 million for the nine months ended – a significant increase over the same period last year. A 47% quarter-over-quarter growth was reported.
  • Net Income: $1.3 million compared to a substantial loss in the same nine-month period last year, marking a strong turnaround.
  • Assets: Total assets have grown to approximately $225 million.
  • Debt Position: The company has significantly reduced debt levels to under $2 million, with half located within an Israeli subsidiary. The debt is now less than 1% of the total balance sheet.
  • Portfolio Volatility: Notable mark-to-market gains on positions such as Alzamend (currently up $6.5 million) and Mullen Technologies (non-disclosed realized gain but significantly up), contributing to quarterly revenue fluctuations.
  • Lender Business: A key growth driver with a portfolio nearing $100 million. Strategic in shaping future growth under Ault Alliance.
  • Crypto Mining: Revenue surge attributed to old crypto mining machines. Company has taken delivery of 1,000 new miners, with 300 more delivered monthly starting now and scaling up to 2,300 miners monthly in March 2022. Target hash rate: 2.2 exahash.

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Todd Ault : Welcome to our conference call and, to me, more importantly, a seminal event, as I said in the press release, about the future of the company. On the call today, Ken Cragun, our CFO - Ken, say hello. Kenneth Cragun: Morning. Todd Ault: We have Will Horne, our CEO and my business partner of many years - he’s on the call. Will? William Horne: Good morning. Todd Ault: And we have Chris Wu, President of Ault Alliance. Chris has been a recent addition back in July, super smart. Chris, say hello, my friend. Chris Wu: Good morning everyone. Todd Ault: Here we go. So it is--what is today’s date, the 22nd? It’s the 22nd. We’re going to cover the slides real quick, but first we’re going to have a forward-looking statement, a little pre-record which we’re pretty excited about. Everyone’s just thrilled about this pre-record, let’s go. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements about Ault Global Holdings Incorporated, sometimes referred to as AGH; expectations regarding the market demands, future financial performance, the implementation of strategic plans and future growth. These statements are made based upon current expectations that are subject to known and unknown risks and uncertainties. AGH does not undertake to update forward-looking statements in this presentation to reflect actual results, changes in assumptions or changes in other factors

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