Spartan Capital Securities, LLC Serves as Sales Agent in Hyperscale Data, Inc.'s $50 Million At-the-Market Offering

Core Viewpoint - Hyperscale Data, Inc. has entered into a sales agreement with Spartan Capital Securities for an at-the-market equity offering program, allowing the company to raise up to $50 million in gross proceeds [1][2]. Group 1: Sales Agreement and Financial Details - Under the sales agreement, Hyperscale Data may offer and sell shares of its common stock with aggregate gross proceeds of up to $50,000,000 [2]. - The shares will be sold through ordinary brokers' transactions on the NYSE American or at prevailing market prices, providing flexible access to capital [2]. Group 2: Use of Proceeds - The majority of the net proceeds from the offering will be used to acquire Bitcoin and further develop the company's Michigan data facility [3]. - A portion of the proceeds may also support working capital and general corporate purposes [3]. Group 3: Company Overview - Hyperscale Data, Inc. is an AI data center company anchored by Bitcoin, operating a data center that mines digital assets and offers colocation and hosting services [8]. - The company has a wholly owned subsidiary, Sentinum, which operates the data center, and another subsidiary, Ault Capital Group, Inc., focused on acquiring undervalued businesses and disruptive technologies [8].