Hyperscale Data provides November Bitcoin mining udpate

Hyperscale Data (GPUS) announced an update from its wholly owned subsidiary Alliance Cloud Services or ACS. ACS mined approximately 20 Bitcoin during November 2024 resulting in an annualized run rate of approximately $26M in gross Bitcoin mining revenue. This approximate gross Bitcoin mining revenue figure is based upon a Bitcoin price of $106K. Hyperscale Data Executive Chairman Milton “Todd” Ault III stated, “We are extremely pleased with our current mining operations in Michigan and will continue to refine our operations to focus on efficiency. The recent increase in the price of Bitcoin has outpaced the increase in the mining difficulty level. In fact, during 2024 Bitcoin has appreciated approximately 140% whereas mining difficulty has only increased approximately 51%. As a result, we are now experiencing improving margins at ACS. Further, at the current levels, we are mining more than three times the current market cap of the company on an annualized basis.”