Hyperscale Data vs Greenwave Technology Solutions
Hyperscale Data is the larger business, with $102m of revenue in fiscal 2025 against $46.7m for Greenwave Technology Solutions (2.2 times as much). Greenwave Technology Solutions grew faster (40.1% against -4.3%). Greenwave Technology Solutions kept more of each dollar of sales as profit: a net margin of -46.3% against -65.0%.
| Latest fiscal year | Hyperscale DataGPUS, 2025 | Greenwave Technology SolutionsGWAV, 2025 |
|---|---|---|
| Revenue | $102m | $46.7m |
| Revenue growth | -4.3% | 40.1% |
| Net income | −$66.4m | −$21.6m |
| Operating margin | — | -42.5% |
| Net margin | -65.0% | -46.3% |
| Return on equity | -103.4% | -68.7% |
| Free cash flow | −$87.1m | −$6.0m |
| Cash | $13.1m | — |
| Total debt | $165m | $13.0m |
| Debt to equity | — | 50.2% |
| Dividend per share | — | — |
| Dividend yield | 12.1% | — |
| Share buybacks | — | — |
| Employees | 612 | 172 |
| Market value | $76.0m | $1.7m |
| Price vs our value range | — | — |
| Moat score | 12 (Weak) | 32 (Weak) |
| Insider trades, 12 months | 86 buys, 1 sales | 1 buys, 0 sales |