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Hyperscale Data Subsidiary Bitnile.com Now Accepting All Verified Solana-Based $SOL Tokens, Including Meme Coins
Globenewswire· 2025-06-27 10:30
Core Viewpoint - Hyperscale Data, Inc. has announced that its subsidiary Bitnile.com will accept all verified Solana-based tokens as payment on its social-casino platform, enhancing user engagement and expanding its service offerings [1][2][3]. Group 1: Company Developments - Bitnile.com has begun accepting verified Solana-based tokens, including trending coins like $BONK and $TRUMP, which allows users to engage with their communities while using the platform [1][3]. - The company aims to create a highly inclusive and flexible social-casino platform, targeting a broader user base by providing diverse onboarding options [2][3]. - Hyperscale Data operates a data center through its subsidiary Sentinum, which mines digital assets and offers colocation and hosting services for AI ecosystems and other industries [4]. Group 2: Strategic Initiatives - Hyperscale Data plans to divest its subsidiary ACG by December 31, 2025, focusing solely on data center operations to support high-performance computing (HPC) services [5]. - The divestiture will involve an exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG, allowing stockholders to become ACG shareholders [6]. Group 3: Industry Context - The Solana ecosystem is rapidly expanding with new projects in decentralized finance, non-fungible tokens, gaming, and more, positioning Bitnile to capture a wider audience [2]. - The integration of Solana-based tokens enables fast, low-fee transactions and real-time compatibility with trending coins, enhancing the user experience on Bitnile.com [8].
Hyperscale Data Highlights AI Infrastructure Growth and Corporate Transition in Stockholder Letter
Globenewswire· 2025-06-26 12:00
Core Insights - Hyperscale Data, Inc. identifies significant growth opportunities in its Michigan data center, which has the potential to expand to 340 MW of power capacity [2][4][6] - The company aims to secure long-term hosting agreements similar to Applied Digital Corporation's recent contract, which is projected to generate over $7 billion in revenue over 15 years [2][3] - The Michigan Facility is viewed as a strategically undervalued asset for supporting large-scale AI and high-performance computing workloads [4][10] Facility Expansion Plans - The Michigan Facility currently spans 617,000 square feet and is targeted for an expansion from approximately 30 MW to 340 MW of power [5][6] - An agreement in principle has been reached with the local utility to increase power availability to 300 MW, with completion expected in about 44 months [5] - Additionally, a separate agreement with the local natural gas utility aims to provide an extra 40 MW of power, expected to be completed within 18 months [6] Strategic Separation and Leadership Transition - The company plans to complete its separation from Ault Capital Group, Inc. by the end of 2025, transitioning to a standalone publicly traded infrastructure company focused on AI and digital asset compute solutions [7][16] - Following the separation, the current Executive Chairman will focus on Ault Capital Group, while the CEO will continue in his role and assume the position of Chairman of the Board [8][9] Valuation Perspective - The company believes that the market significantly undervalues its business, particularly the transformative potential of the Michigan Facility [10][11] - As the AI infrastructure market evolves, the company expects the gap between its intrinsic value and current market capitalization to narrow, creating long-term value for stockholders [11]
Given Almost $75 Million in Executed Preferred Stock Purchase Agreements, Hyperscale Data Does Not Currently Intend to Raise Additional Equity
Globenewswire· 2025-06-23 10:30
Core Viewpoint - Hyperscale Data, Inc. has secured financing agreements to raise up to $68 million in preferred investments, which will support its capital position and expansion plans for its Michigan data center, focusing on AI and digital infrastructure [1][4]. Financing Agreements - Ault & Company has invested nearly $51 million in Hyperscale Data and has committed to an additional investment of up to $24 million under a securities purchase agreement for Series G convertible preferred stock [2]. - The company has also entered into a separate agreement with an institutional investor to sell up to $50 million of Series B convertible preferred stock, with $5.7 million already purchased [3]. Data Center Expansion - The Michigan data center's power capacity is set to increase from approximately 30 MW to 300 MW, with an additional 40 MW from a local natural gas utility, bringing the total expected capacity to around 340 MW [4]. - The power upgrade is expected to take 44 months for the utility agreement and 18 months for the natural gas agreement to be completed [4]. Corporate Structure and Future Plans - The company plans to separate from Ault Capital Group by the end of 2025, transitioning to an independent entity focused on AI and digital asset compute solutions [5][11]. - Following the divestiture, Hyperscale Data will primarily operate data centers supporting high-performance computing services [11]. Operational Considerations - The company anticipates that its current preferred equity commitments will meet its near-term capital needs, but future developments may necessitate additional capital [6]. - A significant portion of the Michigan facility's development is expected to be financed through non-dilutive debt [6].
Hyperscale Data Subsidiary Bitnile.com Accepting $TRUMP Meme Coin in its Social Casino
Globenewswire· 2025-06-20 10:30
Core Viewpoint - Hyperscale Data, Inc. has announced the acceptance of the $TRUMP meme coin as a payment method on its subsidiary Bitnile.com, expanding the cryptocurrency options available for players on the platform [1][2]. Group 1: Cryptocurrency Integration - Players can now use $TRUMP to purchase coin packages for various casino-style games on Bitnile.com, including slots, poker, and blackjack [2]. - Bitnile.com currently accepts both $NILE and $TRUMP coins, with plans to introduce additional cryptocurrencies in the coming months [2][3]. Group 2: Company Operations and Future Plans - Hyperscale Data operates a data center through its subsidiary Sentinum, which mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [4]. - The company plans to divest its subsidiary Ault Capital Group, Inc. (ACG) by December 31, 2025, focusing solely on data center operations and high-performance computing services post-divestiture [5]. - ACG is involved in various sectors, including AI software, social gaming, equipment rental, and private credit, until the divestiture occurs [5]. Group 3: Shareholder Information - On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG upon the divestiture [6].
Hyperscale Data Declares Monthly Cash Dividend of $0.2708333 per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
Globenewswire· 2025-06-18 20:30
Core Viewpoint - Hyperscale Data, Inc. has declared monthly cash dividends for its Series D and Series E Cumulative Redeemable Perpetual Preferred Stock, indicating a commitment to returning value to shareholders [1][2]. Dividend Announcements - The Board of Directors has declared a monthly cash dividend of $0.2708333 per share for the 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of June 30, 2025, and a payment date of July 10, 2025 [1]. - Additionally, a monthly cash dividend of $0.20833 per share has been declared for the 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock, also with a record date of June 30, 2025, and a payment date of July 10, 2025 [2]. Company Overview - Hyperscale Data operates through its subsidiary Sentinum, Inc., which manages a data center for digital asset mining and offers colocation and hosting services, particularly for the AI ecosystem [4]. - The company is also involved in acquiring undervalued businesses and disruptive technologies through its other subsidiary, Ault Capital Group, Inc. (ACG) [4]. Future Plans - Hyperscale Data plans to divest ACG by December 31, 2025, after which it will focus solely on operating data centers for high-performance computing services, while potentially continuing Bitcoin mining [5]. - The divestiture will involve an exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG, allowing stockholders to become shareholders of ACG [6].
Hyperscale Data Subsidiary askROI Surpasses 160,000 App Downloads on Apple App Store and Google Play
Globenewswire· 2025-06-18 12:00
Core Insights - Hyperscale Data, Inc. announced that its subsidiary askROI, Inc. has achieved over 160,000 cumulative app downloads, indicating strong early growth and adoption of its AI tools [1][2][3] Group 1: Company Developments - askROI launched its app on both the Apple App Store and Google Play, providing advanced AI tools for personal and business use, and has seen organic growth despite minimal marketing efforts [2][3] - The founder and executive chairman of Hyperscale Data expressed pride in the progress of askROI and indicated plans for future updates and enhanced marketing efforts [3] - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on mining digital assets and offering colocation and hosting services for AI ecosystems [4] Group 2: Future Plans - The company plans to complete the divestiture of its subsidiary ACG by December 31, 2025, after which it will focus solely on data center operations and may continue Bitcoin mining [5] - ACG is involved in various industries, including AI software, social gaming, and private credit, and is expected to provide mission-critical products until the divestiture occurs [5] Group 3: Financial Structure - On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG upon the divestiture [6]
Milton “Todd” Ault III Intends to Step Down as an Officer from Hyperscale Data Upon Divestiture of Ault Capital Group
Globenewswire· 2025-06-17 12:00
Core Viewpoint - Hyperscale Data, Inc. is transitioning to become a pure-play AI infrastructure company by divesting Ault Capital Group, expected to be completed by December 31, 2025 [1][6]. Group 1: Leadership Changes - Milton "Todd" Ault III will resign as Executive Chairman but remain a director after the divestiture [1][2]. - William Horne will continue as CEO and assume the role of Chairman of the Board, focusing on the company's transformation into a data center operator for high-performance computing services [3][4]. Group 2: Business Focus Post-Divestiture - After the divestiture, Hyperscale Data will solely operate data centers to support high-performance computing services, while potentially continuing Bitcoin mining [6]. - The company will continue to provide mission-critical products through ACG until the divestiture, including an AI software platform and services across various industries [6]. Group 3: Shareholder Information - The divestiture will involve a voluntary exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become shareholders of ACG upon completion [7].
Hyperscale Data's Subsidiary, Sentinum, Announces Anticipated Annual Bitcoin Mining Run Rate of Approximately $41 Million
Globenewswire· 2025-06-13 10:30
Core Viewpoint - Hyperscale Data, Inc. anticipates an annual Bitcoin mining run rate of approximately $41 million starting July 2025, based on current Bitcoin prices and operational capacity [1][3]. Group 1: Mining Operations - Sentinum, a wholly owned subsidiary, expects to mine approximately 375.24 Bitcoin per year, translating to a run rate of about $41 million at a Bitcoin price of $108,000 [1]. - The mining operations will utilize a total of 19,200 miners, including 9,100 currently operational in Michigan, 6,800 to be hosted by Montana OP LLC, and 3,300 miners in Montana, with 2,600 expected to be operational by the end of June 2025 [2]. Group 2: Company Strategy and Future Plans - The company is focused on capitalizing on favorable Bitcoin prices and aims to operationalize 10,100 Bitcoin mining machines within the next month [3]. - Hyperscale Data plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, after which it will focus solely on data center operations and may continue Bitcoin mining [6]. Group 3: Financial Structure - The company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG upon the divestiture [7].
Hyperscale Data Subsidiary TurnOnGreen Achieves $7.5 Million Backlog as Demand Grows for Mission-Critical Power Solutions
Globenewswire· 2025-06-11 10:30
LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced significant growth within its power electronics subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”). TurnOnGreen’s operating subsidiary, Digital Power Corporation (“DPC”), has expanded its contracted backlog to $7.5 million, reflecting sustained demand for its high-performance, mission-critical power systems across key industries, including d ...
Hyperscale Data Subsidiary Sentinum Signs Hosting Agreement to Expand its Bitcoin Mining and Participate in Energy Curtailment Program
Globenewswire· 2025-06-10 10:30
Core Viewpoint - Hyperscale Data, Inc. has entered into a Hosting Services Agreement with Montana OP LLC to enhance its Bitcoin mining operations through access to energy capacity and critical infrastructure [1][2]. Group 1: Agreement Details - The Hosting Services Agreement has an initial term of one year with automatic renewals unless terminated 90 days prior to the end of the current term [2]. - Sentinum plans to deploy approximately 6,800 S19j Pro Antminers at the Montana data center, expected to be operational by the end of June 2025 [2]. - The Service Provider can curtail electrical load during high demand periods, with net profits from energy sales being split equally between Sentinum and the Service Provider [2]. Group 2: Company Strategy and Operations - The Company aims to capitalize on the increasing price of Bitcoin and potential revenue from energy curtailment [3]. - Sentinum's deployment of dormant Bitcoin mining machines is expected to significantly improve its mining operations [3]. - The data center serves as a hedge to the grid, allowing the Company to sell power when prices are high and use it for Bitcoin mining when prices are low [3]. Group 3: Future Plans and Divestiture - Hyperscale Data plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations and potentially continuing Bitcoin mining [5]. - The divestiture will occur through the exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become ACG shareholders [6].