Hyperscale Data, Inc. Revenue Disclosure
5. REVENUE DISAGGREGATION
The following tables summarize disaggregated customer contract revenues and the source of the revenue for the years ended December 31, 2025 and 2024. Revenues from lending and trading activities included in consolidated revenues were primarily interest, dividend and other investment income, which are not considered to be revenues from contracts with customers under GAAP. Revenue is presented by reportable segment. The “Holding Co.” column includes revenue that is not allocated to a specific reportable segment but is generated within the holding company entity. While not a separate reportable segment, Holding Co. is included in the table below to reconcile to total consolidated revenue.
The Company’s disaggregated revenues consisted of the following for the year ended December 31, 2025:
| Gresham | TurnOnGreen | Fintech | Sentinum | AGREE | Energy | ROI | Holding Co. | Total | ||||||||||||||||||||||||||||
| Primary Geographical Markets | ||||||||||||||||||||||||||||||||||||
| North America | $ | 438,000 | $ | 6,793,000 | $ | $ | 22,591,000 | $ | 18,951,000 | $ | 45,459,000 | $ | 4,000 | $ | 2,718,000 | $ | 96,954,000 | |||||||||||||||||||
| Europe | 372,000 | 29,000 | 401,000 | |||||||||||||||||||||||||||||||||
| Middle East and other | 2,594,000 | 435,000 | 3,029,000 | |||||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 3,404,000 | 7,228,000 | 22,591,000 | 18,951,000 | 45,488,000 | 4,000 | 2,718,000 | 100,384,000 | ||||||||||||||||||||||||||||
| Revenue, lending and trading activities (North America) | 1,728,000 | 1,728,000 | ||||||||||||||||||||||||||||||||||
| Total revenue | $ | 3,404,000 | $ | 7,228,000 | $ | 1,728,000 | $ | 22,591,000 | $ | 18,951,000 | $ | 45,488,000 | $ | 4,000 | $ | 2,718,000 | $ | 102,112,000 | ||||||||||||||||||
| Major Goods or Services | ||||||||||||||||||||||||||||||||||||
| Crane rental | $ | $ | $ | $ | $ | $ | 45,459,000 | $ | $ | $ | 45,459,000 | |||||||||||||||||||||||||
| Revenue from mined crypto assets at Sentinum owned and operated facilities | 21,307,000 | 21,307,000 | ||||||||||||||||||||||||||||||||||
| Hotel and real estate operations | 1,284,000 | 18,951,000 | 20,235,000 | |||||||||||||||||||||||||||||||||
| Power supply units and systems | 270,000 | 7,228,000 | 7,498,000 | |||||||||||||||||||||||||||||||||
| Defense systems | 2,366,000 | 2,366,000 | ||||||||||||||||||||||||||||||||||
| Other | 768,000 | 29,000 | 4,000 | 2,718,000 | 3,519,000 | |||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 3,404,000 | 7,228,000 | 22,591,000 | 18,951,000 | 45,488,000 | 4,000 | 2,718,000 | 100,384,000 | ||||||||||||||||||||||||||||
| Revenue, lending and trading activities | 1,728,000 | 1,728,000 | ||||||||||||||||||||||||||||||||||
| Total revenue | $ | 3,404,000 | $ | 7,228,000 | $ | 1,728,000 | $ | 22,591,000 | $ | 18,951,000 | $ | 45,488,000 | $ | 4,000 | $ | 2,718,000 | $ | 102,112,000 | ||||||||||||||||||
| Timing of Revenue Recognition | ||||||||||||||||||||||||||||||||||||
| Goods and services transferred at a point in time | $ | 3,223,000 | $ | 7,172,000 | $ | $ | 22,591,000 | $ | 18,951,000 | $ | 29,000 | $ | 4,000 | $ | 2,718,000 | $ | 54,688,000 | |||||||||||||||||||
| Services transferred over time | 181,000 | 56,000 | 45,459,000 | 45,696,000 | ||||||||||||||||||||||||||||||||
| Revenue from contracts with customers | $ | 3,404,000 | $ | 7,228,000 | $ | $ | 22,591,000 | $ | 18,951,000 | $ | 45,488,000 | $ | 4,000 | $ | 2,718,000 | $ | 100,384,000 | |||||||||||||||||||
The Company’s disaggregated revenues consisted of the following for the year ended December 31, 2024:
| TurnOnGreen | Fintech | Sentinum | AGREE | Energy | ROI | Holding Co. | Total | |||||||||||||||||||||||||
| Primary Geographical Markets | ||||||||||||||||||||||||||||||||
| North America | $ | 4,840,000 | $ | $ | 31,474,000 | $ | 18,015,000 | $ | 47,475,000 | $ | 253,000 | $ | 2,523,000 | $ | 104,580,000 | |||||||||||||||||
| Europe | 49,000 | 116,000 | 165,000 | |||||||||||||||||||||||||||||
| Middle East and other | 24,000 | 24,000 | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 4,913,000 | 31,474,000 | 18,015,000 | 47,591,000 | 253,000 | 2,523,000 | 104,769,000 | |||||||||||||||||||||||||
| Revenue, lending and trading activities (North America) | 1,893,000 | 1,893,000 | ||||||||||||||||||||||||||||||
| Total revenue | $ | 4,913,000 | $ | 1,893,000 | $ | 31,474,000 | $ | 18,015,000 | $ | 47,591,000 | $ | 253,000 | $ | 2,523,000 | $ | 106,662,000 | ||||||||||||||||
| Major Goods or Services | ||||||||||||||||||||||||||||||||
| Power supply units and systems | $ | 4,913,000 | $ | $ | $ | $ | $ | $ | $ | 4,913,000 | ||||||||||||||||||||||
| Revenue from mined crypto assets at Sentinum owned and operated facilities | 24,960,000 | 24,960,000 | ||||||||||||||||||||||||||||||
| Revenue from Sentinum crypto mining equipment hosted at third-party facilities | 5,638,000 | 5,638,000 | ||||||||||||||||||||||||||||||
| Hotel and real estate operations | 876,000 | 18,015,000 | 18,891,000 | |||||||||||||||||||||||||||||
| Crane rental | 47,475,000 | 47,475,000 | ||||||||||||||||||||||||||||||
| Other | 116,000 | 253,000 | 2,523,000 | 2,892,000 | ||||||||||||||||||||||||||||
| Revenue from contracts with customers | 4,913,000 | 31,474,000 | 18,015,000 | 47,591,000 | 253,000 | 2,523,000 | 104,769,000 | |||||||||||||||||||||||||
| Revenue, lending and trading activities | 1,893,000 | 1,893,000 | ||||||||||||||||||||||||||||||
| Total revenue | $ | 4,913,000 | $ | 1,893,000 | $ | 31,474,000 | $ | 18,015,000 | $ | 47,591,000 | $ | 253,000 | $ | 2,523,000 | $ | 106,662,000 | ||||||||||||||||
| Timing of Revenue Recognition | ||||||||||||||||||||||||||||||||
| Goods and services transferred at a point in time | $ | 4,913,000 | $ | $ | 31,474,000 | $ | 18,015,000 | $ | 116,000 | $ | 253,000 | $ | 2,523,000 | $ | 57,294,000 | |||||||||||||||||
| Services transferred over time | 47,475,000 | 47,475,000 | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers | $ | 4,913,000 | $ | $ | 31,474,000 | $ | 18,015,000 | $ | 47,591,000 | $ | 253,000 | $ | 2,523,000 | $ | 104,769,000 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 15, 2026 | Showing above |
| 2024 | Apr 15, 2025 | |
| 2023 | Apr 16, 2024 | |
| 2022 | Apr 17, 2023 | |
| 2021 | Apr 15, 2022 | |
| 2016 | Apr 10, 2017 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.