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An announcement from Hyperscale Data ( (GPUS) ) is now available.
Hyperscale Data, Inc. has announced a Securities Purchase Agreement with Ault & Company, Inc. for up to $25 million in financing through the sale of Series G Convertible Preferred Stock and warrants. The financing will support infrastructure upgrades for high-performance computing services, repayment of debt, and working capital. The conversion price of the Preferred Shares indicates a significant premium, reflecting confidence in the company’s market value and growth potential.
More about Hyperscale Data
Hyperscale Data, Inc. is a diversified holding company transitioning to focus on owning and operating data centers for high-performance computing services. The company is involved in digital asset mining, colocation and hosting services for artificial intelligence ecosystems, and offers a range of mission-critical products through its subsidiary, Ault Capital Group, Inc. Hyperscale Data also engages in private credit and structured finance.
YTD Price Performance: -93.23%
Average Trading Volume: 54,161
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $5.97M
Find detailed analytics on GPUS stock on TipRanks’ Stock Analysis page.
