LAS VEGAS, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is November 30, 2024, and the payment date is Tuesday, December 10, 2024. Link to NYSE quote for the Company’s 13.00% Ser ...

LAS VEGAS, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), announces that it plans to issue a special one-time dividend (the “Distribution”) of 5,000,000 shares of its Class B Common Stock (the “Class B Common Stock”) to all holders of its Class A Common Stock (the “Class A Common Stock”) and the Series C Convertible Preferred Stock on an as-converted basis. The record date for the Distribution is November 29 ...

LAS VEGAS, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), previously announced on November 6, 2024 that it plans to issue a special one-time dividend (the “Distribution”) of a newly designated 10% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred on an as-converted basis. The Company hereby an ...

Reverse Stock Split Details - The company announced a reverse stock split of its Class A Common Stock with a ratio of 1-for-35, effective on November 22, 2024 [1][3] - The reverse split was approved by stockholders at the annual meeting on June 28, 2024, with a ratio range of 1-for-2 to 1-for-35 [2] - Trading on a split-adjusted basis will begin on November 25, 2024, under a new CUSIP number [3] Impact of Reverse Stock Split - The reverse split affects all issued and outstanding shares, as well as shares available for issuance under equity incentive plans [4] - It reduces the number of shares issuable upon the exercise of stock options or warrants outstanding prior to the split [4] - The par value of the Common Stock remains unchanged at $0.001 per share [4] - Stockholders will not receive fractional shares; instead, they will receive cash payments for fractional shares [4] Company Overview - Hyperscale Data is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies [7] - The company operates a data center for Bitcoin mining and provides colocation and hosting services for AI ecosystems and other industries [7] - It offers mission-critical products across various industries, including social gaming, defense/aerospace, automotive, and medical/biopharma [7] - The company is also engaged in private credit and structured finance through a licensed lending subsidiary [7] Additional Information - Computershare Trust Company, N A, is acting as the exchange and transfer agent for the reverse split, providing instructions to stockholders with physical certificates [5] - Stockholders and investors are encouraged to review the company's public filings and press releases for more information [6]

Core Viewpoint - Hyperscale Data, Inc. plans to issue a special one-time dividend in the form of a 10% Series E Cumulative Redeemable Perpetual Preferred Stock to common stockholders and holders of Series C Convertible Preferred Stock, reflecting the company's commitment to reward shareholders despite changes in its dividend strategy [1][2]. Group 1: Dividend Announcement - The company will issue a special one-time dividend of Series E Preferred Stock with a stated value of $25 per share and a monthly cash dividend at a 10% annualized rate [1]. - The issuance of the special dividend is subject to regulatory approvals, including board and NYSE American approval, and compliance with applicable laws and market conditions [1]. - The company will provide further details regarding record and dividend dates once the necessary approvals are obtained [1]. Group 2: Strategic Shift - The company has shifted its focus from Bitcoin mining to colocation and hosting services for artificial intelligence and high-performance computing sectors [2]. - The decision to issue a cash dividend instead of a Bitcoin dividend was made after exploring various options, with the new dividend representing approximately 16% of the face value of the Bitcoin mined since early 2021 [2]. - The leadership emphasizes that the economic substance of the dividend remains consistent with the company's commitment to shareholders, despite the change in form [2]. Group 3: Company Overview - Hyperscale Data is a diversified holding company that acquires undervalued businesses and disruptive technologies, operating a data center for Bitcoin mining and offering colocation and hosting services [4]. - The company also provides mission-critical products across various industries, including social gaming, defense, automotive, and medical sectors, and is involved in private credit and structured finance through a licensed lending subsidiary [4].