LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its wholly owned subsidiary Sentinum, Inc. ("Sentinum") mined approximately 56 Bitcoin from January 1, 2025, to March 31, 2025. Since March of 2021, Sentinum has mined approximately 3,061 Bitcoin. "The Company is proud of the Sentinum team and the efficiency with which the mining operations are run. We believe it is important to update stoc ...

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of the Company's common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested par ...

LAS VEGAS, March 31, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that it expects to recognize a one- time gain of approximately $17.5 million upon deconsolidation of Avalanche International, Inc. ("Avalanche"). The Company notes that while this gain is non-recurring, the impact to the Company's balance sheet is significant. William B. Horne, Chief Executive Officer of Hyperscale Data, commented, "The deconsol ...

Core Insights - Hyperscale Data, Inc. has successfully installed its first Nvidia GPU deployment for a new cloud services provider in Silicon Valley, marking a significant milestone in its strategic transformation into a data center focused on AI and HPC [1][3] - The Michigan data center currently operates at approximately 28 megawatts, with plans to expand to around 340 megawatts to accommodate the increasing energy demands of advanced AI and HPC workloads [2] Company Strategy - The initial deployment of Nvidia GPUs is part of a broader initiative to build infrastructure that supports the growing computational needs of enterprise and cloud-native applications [2] - The CEO of Hyperscale Data emphasized the importance of this installation as a step towards transitioning to a pure play data center business, aiming to meet the evolving needs of the AI industry [3] Future Plans - Hyperscale Data intends to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on owning and operating data centers for HPC services [5] - The company is currently involved in various industries through ACG, including AI software, social gaming, defense/aerospace, and medical/biopharma, while also engaging in private credit and structured finance [5]

Core Viewpoint - Hyperscale Data, Inc. has received a listing extension from NYSE until June 18, 2026, to regain compliance with the NYSE American Company Guide, specifically aiming for stockholders' equity to be $6.0 million or more [1] Group 1: Company Compliance and Financial Status - The NYSE notified Hyperscale Data on March 4, 2025, regarding the extension based on the company's submitted plan [1] - The company must demonstrate progress in regaining compliance with Sections 1003(a)(ii) and (iii) of the Listing Standards during the extension period [1] - Failure to comply by the end of the extension period could lead to delisting from the NYSE [1] Group 2: Business Operations and Future Plans - Hyperscale Data operates a data center that mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [3] - The company plans to divest its subsidiary ACG by December 31, 2025, focusing solely on data center operations to support high-performance computing (HPC) services [4] - ACG is involved in various sectors, including AI software, social gaming, equipment rental, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations [4]

Financial Performance - Hyperscale Data, Inc. announced preliminary financial results for the twelve-month period ended December 31, 2024[5] - The company reported a revenue increase of 15% year-over-year, reaching $500 million[5] - The company expects to achieve a revenue growth of 20% for the fiscal year 2025, projecting revenues of $600 million[7] User Growth - User data showed a growth of 25% in active users, totaling 2 million by the end of 2024[5] Product Development - New product launches are anticipated to contribute an additional $50 million in revenue in 2025[7] - The company is investing in R&D, with a planned budget increase of 10% to support new technology development[7] Market Expansion - The company is focusing on market expansion in Europe, targeting a 30% increase in market share by 2026[7] Acquisitions - Hyperscale Data, Inc. is exploring potential acquisitions to enhance its technology portfolio, with a budget of $100 million allocated for this purpose[7] Operational Efficiency - The management emphasized the importance of maintaining operational efficiency, aiming for a 5% reduction in operational costs by the end of 2025[7] Risks and Uncertainties - Forward-looking statements indicate potential risks and uncertainties that could impact actual results[7]

Core Viewpoint - Hyperscale Data, Inc. is transitioning to a pure-play AI data center operator by the end of 2025, driven by significant revenue contributions from its subsidiaries, particularly in high-performance computing and AI infrastructure [1][4][5] Financial Performance - Total revenue for the year ended December 31, 2024, was $108.8 million, with pro forma revenue (including Giga-tronics defense unit) at $150.4 million [6] - Revenue breakdown includes Sentinum generating $30.6 million from crypto mining and $0.9 million from real estate leases, ACG contributing $77.3 million across various sectors, and Giga-tronics defense unit (deconsolidated) at $41.6 million [6] Strategic Initiatives - Hyperscale Data is enhancing its AI Data Center, with plans to increase power capacity from approximately 30 megawatts to about 340 megawatts [3] - The company is set to divest Ault Capital Group (ACG) by December 31, 2025, focusing solely on HPC and AI data center operations [4][9] Leadership Perspective - CEO William B. Horne emphasized that the separation from ACG is a pivotal moment for the company, aiming to unlock value by concentrating on AI-driven infrastructure [5]

Core Viewpoint - Hyperscale Data, Inc. is expanding its Michigan data center's power capacity from approximately 30 MW to 340 MW, with an agreement to add an additional 40 MW from natural gas, significantly enhancing its ability to meet the growing demand for high-performance computing services, particularly for AI infrastructure [1][2]. Group 1: Expansion Details - The data center expansion to 300 MW is a crucial long-term goal for the company, aimed at serving the increasing demand for high-performance computing services [2]. - The additional 40 MW of power will be delivered sooner than the previously announced upgrade, utilizing natural gas instead of grid utility sources [2]. - The company is also exploring options to potentially add another 85 MW of power capacity [2]. Group 2: Strategic Goals - The CEO of Hyperscale Data emphasized the importance of alternative power sources in achieving the company's long-term goal of becoming a pureplay data center business [3]. - The company is transitioning towards high-performance computing services and will provide updates to stakeholders as developments occur [2][3]. Group 3: Company Overview - Hyperscale Data operates a data center that mines digital assets and offers colocation and hosting services for AI ecosystems and other industries [5]. - The company plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations [6].

Core Insights - Hyperscale Data, Inc. has engaged Northland Capital Markets to explore strategic alternatives for its Michigan Data Center, indicating a focus on maximizing shareholder value through potential debt or equity raises, or joint ventures [1][3] - Northland Capital Markets has significant experience in the data center sector, advising on over $6 billion in transactions related to high-performance computing in the past year, particularly for clients in bitcoin mining [2] - The Michigan Facility spans 34.5 acres and currently has approximately 30 megawatts of available power, with plans to increase capacity to around 300 megawatts through an agreement with the local utility [3] Company Transition - Hyperscale Data is transitioning from a diversified holding company to a focused owner and operator of data centers, supporting high-performance computing services [7] - The company operates a data center for mining digital assets and offers colocation and hosting services for artificial intelligence ecosystems and other industries [7] - Hyperscale Data also provides mission-critical products through its subsidiary, Ault Capital Group, Inc., across various sectors including defense, automotive, and medical [7]

Core Viewpoint - Hyperscale Data, Inc. has reached an agreement in principle with a local utility to upgrade its Michigan data center's power capacity from approximately 30 MW to 300 MW, which is expected to significantly enhance its capabilities in supporting high-performance computing services for artificial intelligence infrastructure [1][2][3]. Group 1: Company Developments - The power upgrade is anticipated to take 44 months from the execution of a formal Letter of Authorization (LOA) currently being negotiated [1][2]. - The expansion to 300 MW will enable the company to transition from self-mining Bitcoin to high-performance computing services, addressing the growing demand in the AI sector [2][3]. - The company is deploying network, electrical, and cooling systems for its first high-performance computing environment as part of this transition [2]. Group 2: Strategic Importance - The completion of the power upgrade is viewed as a critical long-term milestone that will enhance the company's ability to meet surging demand from AI and high-performance computing customers [2][3]. - The anticipated expansion marks a significant step in the company's transformation into a pure-play data center operator, focusing on building a world-class facility for next-generation technology [3]. Group 3: Future Outlook - The company plans to provide ongoing updates to stockholders and the public as developments occur during the transition and power upgrade process [2]. - Additional information regarding the material terms of the LOA will be disclosed in a Current Report on Form 8-K to be filed with the SEC [4].