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Hyperscale Data Reaffirms Full-Year 2025 Revenue Guidance of $125 Million to $135 Million Following Gresham Worldwide Plan Confirmation
Prnewswireยท 2025-08-22 10:30
Core Viewpoint - Hyperscale Data, Inc. reaffirms its full-year 2025 revenue guidance of $125 million to $135 million, bolstered by the anticipated contributions from its defense affiliate Gresham Worldwide and growth in high-margin software platforms [1][2][4]. Group 1: Financial Guidance and Revenue Expectations - The company expects Gresham Worldwide to contribute approximately $40 million in annualized revenue upon its emergence from Chapter 11 on October 1, 2025 [2]. - Hyperscale Data anticipates meaningful growth from its expanding high-margin software platforms, including blockchain infrastructure and tokenization solutions [3]. Group 2: Strategic Developments - The court's approval of Gresham Worldwide's reorganization plan enhances visibility into its expected contributions starting in Q4 2025 [4]. - The company is pursuing growth through its Michigan data center, which is viewed as a transformational opportunity for future revenue, although it is not expected to contribute significantly in 2025 [4]. Group 3: Company Structure and Operations - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on digital asset mining and colocation services for AI ecosystems [5]. - The company plans to divest Ault Capital Group, Inc. in Q1 2026, which will allow it to focus on high-performance computing services and digital asset holdings [6].
Hyperscale Data Subsidiary Gresham Worldwide Receives Court Approval of Reorganization Plan; On Track to Emerge from Chapter 11 on October 1, 2025
Prnewswireยท 2025-08-21 10:30
Core Viewpoint - Hyperscale Data, Inc. announces that Gresham Worldwide has received final court approval for its Chapter 11 reorganization plan, allowing it to emerge from bankruptcy on October 1, 2025, and is expected to contribute approximately $40 million in annual sales to the company [1][2][3] Group 1: Company Developments - Gresham Worldwide will be reconsolidated as a direct subsidiary of Hyperscale Data upon its emergence from bankruptcy, enhancing the company's diversified platform and supporting long-term growth [2] - The court-approved plan reflects extensive negotiations among creditors and stakeholders, positioning Gresham Worldwide with a stronger balance sheet and operational stability [3] Group 2: Financial Impact - The anticipated contribution of Gresham Worldwide is projected to be around $40 million in annualized sales, which will further strengthen Hyperscale Data's financial results [2] - The emergence from Chapter 11 is expected to provide Gresham Worldwide with renewed financial strength, enabling it to deliver meaningful revenue and long-term value for stockholders [3] Group 3: Future Plans - Hyperscale Data plans to divest Ault Capital Group, Inc. in the first quarter of 2026, which will allow the company to focus on owning and operating data centers and supporting high-performance computing services [6] - The divestiture will occur through the 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 [7]
Hyperscale Data Reports Weekly and Total $XRP Purchases
Prnewswireยท 2025-08-12 10:30
Core Viewpoint - Hyperscale Data, Inc. is actively expanding its investment in digital assets, particularly $XRP, through its subsidiary Sentinum, with a commitment to purchase up to $10 million worth of $XRP as part of its cryptocurrency investment strategy [3] Group 1: Acquisition Details - Sentinum acquired 8,150 tokens of $XRP at an average price of $3.0712, totaling approximately $25,000 during the week of August 4 to August 10, 2025 [1] - Following this acquisition, Sentinum's total holdings of $XRP reached 15,100 tokens, valued at approximately $49,490.25 based on the closing price of $3.2775 on August 10, 2025 [2] Group 2: Strategic Commitment - The company plans to report Sentinum's $XRP acquisitions weekly, enhancing transparency in its digital asset investment activities [3] - The company has paid down approximately $25 million of non-affiliated debt, improving its financial position to focus on long-term value initiatives, including its AI-driven data center platform [3] Group 3: Future Plans - The company anticipates increasing the pace of $XRP purchases in the coming weeks as part of its disciplined dollar cost averaging strategy [3] - Hyperscale Data is evaluating opportunities to enhance its digital asset strategy, which may include retaining a portion of mined Bitcoin and expanding its digital asset reserves [3]
X @Bloomberg
Bloombergยท 2025-08-08 17:23
Financial Performance - Heartflow's shares experienced a significant surge of 66% [1] - The AI software platform focusing on heart disease secured $317 million through its IPO [1] Market Dynamics - Heartflow, an AI software platform specializing in heart disease, went public [1]
Hyperscale Data Reduces Debt by $25 Million, Strengthening Capital Structure and Bolstering Financial Flexibility Ahead of Michigan AI Data Center Expansion
Prnewswireยท 2025-08-08 10:30
Core Viewpoint - Hyperscale Data, Inc. has successfully reduced its outstanding consolidated non-affiliated debt by approximately $25 million year-to-date, significantly improving its capital structure and positioning the company for long-term financial strength as it develops its AI data center in Michigan [1][2][3]. Debt Reduction and Financial Position - The $25 million debt reduction was achieved through repayments and strategic conversions, leading to lower leverage and improved liquidity ratios, enhancing the company's ability to access growth capital on favorable terms [2][3]. - This debt reduction is part of a broader strategy to build a financially resilient platform capable of supporting large-scale infrastructure development while delivering long-term value to stockholders [2]. AI Data Center Development - The company is advancing the development of its flagship AI data center in Michigan, which is expected to serve as a hub for enterprise-grade and hyperscale AI workloads [3]. - The Michigan facility, covering 617,000 square feet, aims to increase its power capacity to 70 megawatts (MW) over the next 20 months, with a long-term goal of reaching approximately 340 MW, contingent on agreements with local utility providers and securing funding [3]. Strategic Positioning - The company is positioning itself to be financially agile and operationally ready to meet the exponential growth in AI and compute-intensive applications, enabling it to attract strategic partners and optimize capital deployment [4]. - The divestiture of Ault Capital Group, Inc. is expected to occur in the first quarter of 2026, which will further streamline the company's focus on data center operations and high-performance computing services [6].
Hyperscale Data Enters into an Agreement for a Financing of up to $100 Million
Prnewswireยท 2025-08-01 10:30
Core Viewpoint - Hyperscale Data, Inc. has entered into a Securities Purchase Agreement for up to $100 million in financing from Ault & Company, Inc., which will involve the issuance of Series H Convertible Preferred Stock to support expansion and operational needs [1][3][4]. Financing Details - The financing will involve the issuance of up to $100 million in Series H Convertible Preferred Stock, which will be senior to all other classes of preferred stock except for Series C and Series G [1][2]. - Each Preferred Share has a stated value of $1,000 and can be converted into Common Stock at a conversion price that is the greater of $0.10 or a price based on the market conditions [2]. - The Preferred Shares will pay an annual dividend of 9.5%, which may be paid in shares of Class A Common Stock during the first two years [2]. Use of Proceeds - Proceeds from the financing will be allocated for the expansion of the MI data center, repayment of outstanding debts, and general working capital [3]. Market Perception - The willingness of Ault & Company to invest an additional $100 million indicates a belief that the market has undervalued Hyperscale Data, as the conversion price of the Preferred Shares is higher than the current market price [4]. Transaction Conditions - The Agreement allows for multiple closings through December 31, 2026, subject to customary closing conditions, regulatory, and stockholder approvals [5]. - The conversion of the Preferred Shares is subject to conditions that include receiving financing by Ault & Company [5]. Company Overview - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on digital asset mining and services for the AI ecosystem [9]. - The company is also involved in acquiring undervalued businesses and disruptive technologies through its subsidiary Ault Capital Group [9].
Hyperscale Data Clarifies $XRP Acquisitions to Remain on Company Balance Sheet
Prnewswireยท 2025-07-30 10:30
Core Viewpoint - Hyperscale Data, Inc. plans to acquire up to $10 million of $XRP, which will remain on its balance sheet and not be owned by Ault Capital Group, Inc. (ACG) [1][2] Group 1: Company Strategy - The acquisition of $XRP is seen as a key part of Hyperscale Data's overall treasury strategy as it transitions to a pureplay data center business [2] - The company expects to divest ACG around December 31, 2025, but there is no assurance that this will be completed within that timeframe [1][4] Group 2: Business Operations - Hyperscale Data operates a data center through its subsidiary Sentinum, Inc., where it mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [3] - ACG is involved in acquiring undervalued businesses and disruptive technologies, and it will initiate its own $XRP accumulation strategy [1][3] Group 3: Shareholder Information - The divestiture will involve a voluntary exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG, with only those who surrender their shares being entitled to receive ACG shares [5]
Hyperscale Data Subsidiary BitNile.com Unveils Strategic Vision for $NILE Coin Ecosystem on Solana Blockchain
Prnewswireยท 2025-07-23 10:45
Core Insights - BitNile.com aims to enhance the adoption and accessibility of its native utility token $NILE through a potential listing on a centralized digital asset exchange [1][3] - The current market capitalization of $NILE is approximately $103 million, with 99% of the tokens held by BitNile [2] - The company is heavily investing in the development of a new Web3 ecosystem where $NILE will serve as a foundational element [3][4] Company Strategy - BitNile plans to expand the availability of $NILE beyond decentralized exchanges in the second half of 2025 to increase user adoption [3] - The CEO of BitNile emphasized the importance of brand recognition and the goal to create a Web3 entertainment community centered around $NILE [4] - Key features of the new ecosystem include mobile gaming integration, validator node architecture, and real-time utility for blockchain applications [7] Financial and Operational Overview - Hyperscale Data, the parent company, operates a data center for mining digital assets and providing colocation services, while also pursuing growth through acquisitions [5] - The company plans to divest its subsidiary Ault Capital Group by December 31, 2025, focusing solely on data center operations and high-performance computing services thereafter [6][8]
Hyperscale Data Targets Full Buildout of 340 MW Michigan AI Data Center Campus in 2029
Prnewswireยท 2025-07-21 10:45
Core Viewpoint - Hyperscale Data, Inc. is strategically expanding its Michigan data center campus to support AI and high-performance computing, with a phased buildout plan to reach 340 MW of power capacity over the next 44 months [1][2][5]. Company Expansion Plans - The company currently operates approximately 30 MW at its Michigan facility and plans to increase this to 70 MW within the next 20 months [2][8]. - The full buildout to 340 MW is expected to be completed within 44 months after finalizing agreements with local utility providers [2][4]. Financial Strategy - Hyperscale Data has filed a shelf registration statement for up to $125 million to provide long-term financial flexibility, although it does not plan to raise capital immediately [3][4]. - The registration will allow the company to access capital markets as needed during the construction and development of the Michigan campus [3]. Industry Positioning - The expansion aligns with the growing demand for high-density compute infrastructure, with the company referencing similar projects, such as Applied Digital Corporation's contract with CoreWeave, projected to generate over $7 billion in revenue over 15 years [5]. - The company aims to transition to a pureplay AI data center platform while reducing debt and streamlining operations [6]. Current Operations and Future Outlook - The Michigan facility generates revenue through digital asset mining and colocation services, with plans to add 40 MW by the second quarter of 2027 and an additional 270 MW by the third quarter of 2029 [4][8]. - The company is also planning to divest its subsidiary, Ault Capital Group, Inc., by the end of 2025, focusing solely on data center operations [10].
Hyperscale Data Announces Preliminary Q2 2025 Revenue of $25.8 Million, Up 45% Year-over-Year
Globenewswireยท 2025-07-17 10:59
Core Insights - Hyperscale Data, Inc. reported preliminary revenue of $25.8 million for Q2 2025, marking a 45% increase from $17.8 million in the same period last year [1] - The company reaffirms its full-year revenue guidance for 2025, projecting between $125 million and $135 million [1][3] - The anticipated reconsolidation of Gresham Worldwide is expected to significantly enhance revenue, contributing approximately $10 million in Q4 2025 and an additional $40 million on a pro forma basis for the full year if consolidated from January 1, 2025 [3][4] Financial Performance - Preliminary revenue for the first half of 2025 totaled $50.8 million [1] - The company has reduced its debt by over $20 million year-to-date, improving liquidity [4] - The pro forma total revenue, assuming Gresham's consolidation, could reach between $155 million and $165 million [3] Strategic Developments - The growth in Q2 was driven by commercial lending and trading activities, demand for electronic power solutions, and improved performance of hotel assets [4] - The company is focusing on high-margin software expansion, including blockchain infrastructure and decentralized applications, expected to generate recurring revenue starting late 2025 [4] - Hyperscale Data is preparing to advance the development of a 617,000 square-foot AI data center in Michigan [4] Business Outlook - The company expects to divest Ault Capital Group, Inc. by December 31, 2025, transitioning to solely operating data centers [7] - The fintech sector is showing signs of recovery, with new AI-powered features under development for lending and trading applications [4] - The reconsolidation of Gresham Worldwide is anticipated to occur by October 1, 2025, enhancing the company's revenue profile [4]