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].
Hyperscale Data Subsidiary Sentinum Signs Hosting Agreement to Expand its Bitcoin Mining and Participate in Energy Curtailment Program