Core Insights - Hyperscale Data, Inc. has reduced its debt by over $20 million year-to-date and is focusing on building a stronger asset base [1] - The company aims to position itself at the intersection of AI infrastructure and blockchain technology, with plans to update stockholders on digital asset acquisition strategies [1][2] - As of June 30, 2025, the company reported a cash position exceeding its market capitalization and total assets of approximately $214 million [2][7] Financial Performance - Preliminary financial results for the quarter ended June 30, 2025, indicate a strong cash position and disciplined financial management [1] - Cash and cash equivalents, along with restricted cash, totaled approximately $27 million [7] - The company expects to file its final results in the Form 10-Q with the SEC [2] Strategic Initiatives - Hyperscale Data plans to begin publishing monthly updates on its digital asset holdings starting in August 2025 [1] - The company is preparing for the divestiture of its subsidiary Ault Capital Group, expected around December 31, 2025, which will allow it to focus on data center operations and digital asset holdings [5][6] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become shareholders of ACG [6] Business Operations - Through its subsidiary Sentinum, Inc., Hyperscale Data operates a data center for mining digital assets and providing colocation and hosting services [4] - The company is engaged in various industries, including AI software, social gaming, defense, and medical sectors, through its diversified holdings [5]
Hyperscale Data Announces Preliminary Cash and Restricted Cash Position of $27 Million and Total Assets of $214 Million as of June 30, 2025