Hyperscale Data, Inc. (AMEX: GPUS) shares traded nearly 5% lower Wednesday as investors weighed fresh defense-order news against a softer market backdrop.

The stock remained near recent lows despite new bookings at its Gresham Worldwide unit. S&P 500 futures were down 0.1% during the session.

Gresham Worldwide Adds $5.4 Million In Defense Orders

Hyperscale Data said its wholly owned subsidiary, Gresham Worldwide, secured about $5.4 million in new orders during July and August 2026 from its radio frequency businesses.

The orders relate to ongoing U.S. defense programs and defense prime contractors. The bookings lifted Gresham Worldwide’s backlog to approximately $53.7 million.

What the Numbers Show

The $5.4 million in new bookings represents roughly 10% of the subsidiary’s total $53.7 million backlog. This indicates that existing unfulfilled contracts constitute the vast majority of the segment's near-term revenue visibility, suggesting a stable but not rapidly expanding order pipeline based on these two figures alone.

Michigan Data Center Strategic Review Remains In Focus

Hyperscale Data is also reviewing strategic alternatives for some or all of its Michigan data center assets.

The company is considering options that include selling or leasing the assets, pursuing a strategic investment or joint venture, or continuing to own and develop them.

Hyperscale Data Holds $21.6 Million In Bitcoin

On Tuesday, Hyperscale Data announced that it held 278.0314 Bitcoin, valued at approximately $21.6 million as of Aug. 23.

The valuation used Bitcoin’s Aug. 23 closing price of $77,755. Subsidiaries Sentinum and Ault Capital Group held the Bitcoin.

The company made no open-market Bitcoin purchases or sales during the week ended Aug. 23.

GPUS Technical Picture Remains Weak

GPUS remained below its major moving averages, trading 28.2% below its 20-day SMA, 47.3% below its 50-day SMA, and 60.5% below its 200-day SMA.

MACD remained below its signal line with a negative histogram, indicating continued pressure on momentum.

Key resistance stands near 54 cents, aligned with the 20-day SMA. Key support sits near 33 cents, close to the 52-week low area.

Hyperscale Data’s Business Mix

Hyperscale Data operates businesses spanning Bitcoin mining, defense, aerospace, industrial, automotive, and medical markets.

Its Energy segment is its largest revenue contributor, driven by crane rental and lifting solutions. Gresham Worldwide adds exposure to defense-related RF and microwave products.

GPUS Price Action: Hyperscale Data shares were down 5.48% at $0.37 at the time of publication on Wednesday. The stock is trading near its 52-week low of $0.33.

Hyperscale Data, Inc. (NYSE: GPUS) reported holding 278.0314 Bitcoin as of August 23, 2026. The cryptocurrency assets carried an aggregate market value of approximately $21.6 million, calculated using the closing price of $77,755 per Bitcoin on that date.

The holdings are maintained by the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. During the week ended August 23, 2026, Hyperscale Data did not execute any purchases or sales of Bitcoin in the open market, indicating a static position for the period.

What the Numbers Show

The valuation of the Bitcoin holdings is directly tied to daily price volatility. With a closing price of $77,755, each 1% move in Bitcoin’s price would impact the aggregate value of the subsidiary holdings by approximately $216,000. The absence of trading activity during the week suggests the company is maintaining its current allocation without active rebalancing.