Hyperscale Data ( (GPUS) ) has issued an update.
On March 31, 2025, Hyperscale Data, Inc. entered into a Securities Purchase Agreement with SJC Lending LLC for up to $50 million in new equity financing. This capital will accelerate the development of a state-of-the-art data center in Michigan, designed to support enterprise, AI, and high-performance computing cloud providers. The transaction is structured through multiple closings, with the investor obligated to fund a minimum of $1 million monthly. This financing is seen as a strong endorsement of Hyperscale Data’s business model and will contribute to economic development and job creation in the local community.
More about Hyperscale Data
Hyperscale Data, Inc. is a diversified holding company that owns and operates data centers, offering colocation and hosting services for AI ecosystems and other industries. The company, through its subsidiary Ault Capital Group, engages in acquiring undervalued businesses and disruptive technologies. Hyperscale Data plans to divest Ault Capital Group by the end of 2025 to focus solely on data center operations supporting high-performance computing services.
YTD Price Performance: -55.58%
Average Trading Volume: 75,702
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.81M
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