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Hyperscale Data Reduces Debt by Over $20 Million, Strengthens Balance Sheet Ahead of Planned Michigan AI Data Center Expansion
Globenewswire· 2025-07-14 10:59
Core Viewpoint - Hyperscale Data, Inc. has successfully reduced its outstanding debt by over $20 million, marking a significant step in its transition to a dedicated AI data center platform [1][2][3] Financial Position - The debt reduction enhances the company's financial stability as it prepares to develop a 617,000-square-foot data center in Michigan, aimed at becoming a major AI infrastructure hub [2][3] - The company believes its remaining debt is relatively insignificant in the context of its strategic growth plans, allowing for a more agile capital structure [3] Operational Developments - The company is focused on scaling operations and onboarding enterprise and hyperscale customers to maximize the potential of its infrastructure [3] - Hyperscale Data has reached an agreement to expand available power at its facility from approximately 30 MW to 300 MW, with completion expected in about 44 months [4] - An additional agreement with the local natural gas utility aims to supply an extra 40 MW of power, expected to be completed within 18 months [5] Market Validation - The company sees strong market validation for large-scale AI data centers, citing Applied Digital Corporation's recent 15-year hosting contract with CoreWeave, expected to generate over $7 billion in revenue from 250 MW of AI and HPC infrastructure [6] Strategic Focus - The company plans to complete its separation from Ault Capital Group, Inc. by the end of 2025, positioning itself as a focused AI infrastructure business [7][12] - The Michigan data center buildout remains the company's top priority, with expectations of unlocking significant long-term value as demand for AI and enterprise computing grows [8]
Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play
Globenewswire· 2025-06-30 10:30
Core Insights - Hyperscale Data, Inc. has announced that its subsidiary askROI, Inc. has surpassed 300,000 cumulative app downloads across the Apple App Store and Google Play [1][2][3] Group 1: Company Overview - Hyperscale Data operates through its subsidiary Sentinum, Inc., which manages a data center for mining digital assets and providing colocation and hosting services for AI ecosystems [4] - The company also has another subsidiary, ACG, which focuses on acquiring undervalued businesses and disruptive technologies [4] Group 2: askROI App Performance - The askROI app offers advanced AI tools for personal and business use and has achieved significant organic growth despite minimal marketing efforts [2][3] - The app's downloads have increased from 160,000 to over 300,000, indicating strong user engagement and platform improvement [3] Group 3: Future Plans and Divestiture - Hyperscale Data plans to divest ACG by December 31, 2025, transitioning to focus solely on data center operations and high-performance computing (HPC) services [5] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become ACG shareholders [6]
Hyperscale Data Highlights AI Infrastructure Growth and Corporate Transition in Stockholder Letter
Globenewswire· 2025-06-26 12:00
Core Insights - Hyperscale Data, Inc. identifies significant growth opportunities in its Michigan data center, which has the potential to expand to 340 MW of power capacity [2][4][6] - The company aims to secure long-term hosting agreements similar to Applied Digital Corporation's recent contract, which is projected to generate over $7 billion in revenue over 15 years [2][3] - The Michigan Facility is viewed as a strategically undervalued asset for supporting large-scale AI and high-performance computing workloads [4][10] Facility Expansion Plans - The Michigan Facility currently spans 617,000 square feet and is targeted for an expansion from approximately 30 MW to 340 MW of power [5][6] - An agreement in principle has been reached with the local utility to increase power availability to 300 MW, with completion expected in about 44 months [5] - Additionally, a separate agreement with the local natural gas utility aims to provide an extra 40 MW of power, expected to be completed within 18 months [6] Strategic Separation and Leadership Transition - The company plans to complete its separation from Ault Capital Group, Inc. by the end of 2025, transitioning to a standalone publicly traded infrastructure company focused on AI and digital asset compute solutions [7][16] - Following the separation, the current Executive Chairman will focus on Ault Capital Group, while the CEO will continue in his role and assume the position of Chairman of the Board [8][9] Valuation Perspective - The company believes that the market significantly undervalues its business, particularly the transformative potential of the Michigan Facility [10][11] - As the AI infrastructure market evolves, the company expects the gap between its intrinsic value and current market capitalization to narrow, creating long-term value for stockholders [11]