Hyperscale Data Inc. (GPUS) announced new defense orders totaling $5.4 million for its subsidiary Gresham Worldwide Inc. during July and August, reinforcing demand in the U.S. defense sector. The orders, tied to the production of radio frequency and microwave components, will support programs for major defense contractors and the domestic industrial base, according to the company.
The orders are not immediately recognized as revenue, as accounting standards require recognition upon product delivery and completion of manufacturing. Gresham Worldwide’s RF and microwave divisions provide specialized components used in radar systems, electronic warfare, communications and mission-critical applications, the company said.
Hyperscale Data, headquartered in Las Vegas, Nevada, also reported a backlog of approximately $53.7 million in open orders as of the latest update. The company’s stock, trading under the ticker GPUS, closed at $0.40 on August 14, reflecting a 14.53% decline from the prior session. Pre-market trading showed a 1.70% increase to $0.4068.
Hyperscale Data operates several subsidiaries, including Sentinum Inc., which manages a data center for digital asset mining and provides colocation services, and Ault Capital Group Inc. (ACG), which acquires and operates businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors. The company plans to divest from ACG in 2027.
Milton 'Todd' Ault III, Executive Chairman of Hyperscale Data, described the new orders as an 'encouraging boost' to Gresham Worldwide’s RF business and a sign of sustained demand from the defense sector. Will Horne, Chief Executive Officer, stated that the company believes Gresham Worldwide is well-positioned to play an increasingly important role in strengthening the domestic defense industrial base.
