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].

Core Insights - Hyperscale Data, Inc. has entered into an engineering design agreement with SEMCO Energy to develop natural gas distribution infrastructure for its Michigan data center, enabling approximately 40 MW of additional power generation capacity [1][2] Agreement Details - The agreement signifies a milestone in expanding the infrastructure for the Michigan Site, aimed at supporting the growing demands of the artificial intelligence industry [2] - SEMCO and ACS will collaborate to finalize plans and move towards construction, pending regulatory approvals and due diligence [2][10] Company Overview - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on digital asset mining and colocation services for AI ecosystems [4] - The company plans to divest its subsidiary Ault Capital Group by December 31, 2025, transitioning to solely owning and operating data centers for high-performance computing [5] Future Plans - SEMCO will handle preliminary engineering and design for the pipeline routing and related infrastructure to enhance natural gas capacity [10] - A definitive facility construction agreement is expected to be negotiated in the coming months, with construction anticipated to be completed within 15 months of the agreement execution [10]