Is GPUS halal?
Hyperscale Data, Inc.
Not halal
Hyperscale Data, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
AMEX
Price
0.1358
Day
-6.41%
Market cap
$23.0M
Industry
Conglomerates
Sector
Industrials
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Lending (Ault Lending — private credit, ~22% of revenue) + weapons systems (Gresham — missile launch, electronic warfare, counter-IED)
What the company does
Hyperscale Data (formerly Ault Alliance) is a conglomerate: Bitcoin mining and an AI data center (Michigan), Ault Lending (private credit), Gresham Worldwide (defense electronics), crane rental and hotels. Its money comes from that mix of units.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Lending (Ault Lending — private credit, ~22% of revenue) + weapons systems (Gresham — missile launch, electronic warfare, counter-IED)
Interest-bearing debt / market cap
limit 30%
579.3%
Fail
Cash & investments / market cap
limit 30%
232.5%
Fail
Non-compliant income / total revenue
limit 5%
2.7%
Pass
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Conglomerates — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.