GPU Infrastructure
Search documents
Data Storage Corporation Announces Final Results of Tender Offer
Globenewswire· 2026-01-15 21:05
Core Viewpoint - Data Storage Corporation has successfully completed a tender offer to acquire approximately 72% of its outstanding shares, positioning itself for a disciplined acquisition strategy while maintaining a strong cash reserve of over $10 million [1][3]. Group 1: Tender Offer Details - The company acquired 5,625,129 shares at a price of $5.20 per share, totaling approximately $29.25 million, funded entirely through cash on hand [3]. - The tender offer expired on January 12, 2026, and the shares accepted for purchase represent about 72% of the total outstanding shares as of December 8, 2025 [1][3]. Group 2: Financial Position and Strategy - Following the tender offer, Data Storage Corporation retains over $10 million in cash, allowing for future strategic initiatives [2][3]. - The company aims to pursue a disciplined acquisition strategy focused on technology-enabled services, particularly in areas such as GPU environments, AI-driven software applications, cybersecurity, and telecommunications [3][4]. Group 3: Future Outlook - The company is actively evaluating strategic opportunities that align with its growth plan, emphasizing businesses with recurring revenue, high margins, and established customer bases [3]. - The management believes that this approach could be transformative for the company over time [3].
Bit Digital grows cloud services in Q1 amid strong demand for GPU infrastructure
Proactiveinvestors NA· 2025-05-15 20:26
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]