Ault Inc. to focus on data center operations, divest remaining assets

Ault Alliance announced its intentions to dramatically reshape its future by concentrating on its artificial intelligence data center space. As part of this reorganization, Ault Alliance plans to issue one or more special dividends to stockholders of stock in its subsidiaries that are not related to the AI data center business. This decision constitutes the main thrust of the company’s strategy to streamline its operations as well as ensure that stockholders receive a direct benefit from the distribution of the company’s present assets that will no longer be a part of the company’s core focus. To reflect the new focus, the company intends to change its name to Hyperscale Data and its ticker symbol to GPUS. This change is expected to occur in September 2024.