Hyperscale Data trades at a large discount to its net asset value for a reason. It lost $32 million last quarter and $75 million last year, has about $50 million in cash and equivalents, and faces significant share dilution. The company reported 687 bitcoin, about $94 million in combined bitcoin and cash, Q1 revenue up 76% to $44 million and a planned $5 million tender offer. x.com