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Hyperscale Stock Surges 33% After-Hours As Investors Cheer Bitcoin Mining Fleet Upgrade, Nvidia GPU Cloud Launch - Hyperscale Data (AMEX:GPUS)
Benzinga· 2025-10-28 05:18
Core Insights - Hyperscale Data, Inc. shares surged 33% in after-hours trading due to optimism about launching Nvidia's GPU cloud platform [1][2] - The company operates data centers for Bitcoin mining and AI ecosystems, planning to launch the on-demand NVIDIA GPU cloud platform from its Michigan campus [2][3] Company Developments - The service will provide instant access to high-end NVIDIA GPUs, including the H100, B200, and B300, designed for high-performance computing [3] - Hyperscale received Bitmain S21+ mining units and placed a new order for an additional 1,000 units, which are noted for their energy efficiency and superior hashrate performance [4] Stock Performance - Hyperscale shares closed 24.48% higher at $0.4979 during regular trading and jumped 33% in after-hours trading, despite a year-to-date decline of 90% [5] - The company's growth ranking is noted as the strongest category at 18.33/100 according to Benzinga's proprietary Edge Rankings [5]
Bitcoin Miners Making AI Advances
Etftrends· 2025-09-15 13:14
Core Theme - The cryptocurrency mining sector is diversifying revenue streams by leveraging technological capabilities for AI applications [1][3]. ETF Performance - The CoinShares Valkyrie Bitcoin Miners ETF (WGMI) has increased by nearly 13% over the past month and approximately 31% year-to-date, largely due to Bitcoin's performance, but also due to the advancements in AI by its components [2]. AI Growth Potential - The AI sector is young and expanding, with the emergence of agentic AI providing opportunities for WGMI components to establish themselves in this field [3]. - AI advancements by crypto miners help diversify their revenue, reducing reliance on cryptocurrency price fluctuations [3]. Company Developments - Iren (IREN) has achieved Nvidia Preferred Partner status and secured $96 million in financing from Nvidia to enhance its GPU fleet [4]. - The financing is structured as a 24-month lease covering 100% of the purchase price, with payments based on a high single-digit interest rate [5]. - Iren is responding to the growing demand for AI cloud computing, highlighting the significance of its partnership with Nvidia, a leader in AI semiconductors [6]. Cipher Mining Initiatives - Cipher Mining is advancing its high-performance computing (HPC) capabilities through the Black Pearl Phase 2 project, which could diversify its revenue and drive long-term share price growth [7]. - The project aims to develop 150 megawatts of infrastructure to support both hydro Bitcoin mining and HPC applications simultaneously [8].