Hyperscale Data, Inc.(GPUS)

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Hyperscale Data, Inc. Announces Acceptance of Plan by NYSE
Newsfilter· 2025-03-05 11:30
Core Viewpoint - Hyperscale Data, Inc. has received a listing extension from NYSE until June 18, 2026, to regain compliance with the NYSE American Company Guide, specifically aiming for stockholders' equity to be $6.0 million or more [1] Group 1: Company Compliance and Financial Status - The NYSE notified Hyperscale Data on March 4, 2025, regarding the extension based on the company's submitted plan [1] - The company must demonstrate progress in regaining compliance with Sections 1003(a)(ii) and (iii) of the Listing Standards during the extension period [1] - Failure to comply by the end of the extension period could lead to delisting from the NYSE [1] Group 2: Business Operations and Future Plans - Hyperscale Data operates a data center that mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [3] - The company plans to divest its subsidiary ACG by December 31, 2025, focusing solely on data center operations to support high-performance computing (HPC) services [4] - ACG is involved in various sectors, including AI software, social gaming, equipment rental, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations [4]
Hyperscale Data, Inc.(GPUS) - 2024 Q4 - Annual Results
2025-03-03 21:30
Financial Performance - Hyperscale Data, Inc. announced preliminary financial results for the twelve-month period ended December 31, 2024[5] - The company reported a revenue increase of 15% year-over-year, reaching $500 million[5] - The company expects to achieve a revenue growth of 20% for the fiscal year 2025, projecting revenues of $600 million[7] User Growth - User data showed a growth of 25% in active users, totaling 2 million by the end of 2024[5] Product Development - New product launches are anticipated to contribute an additional $50 million in revenue in 2025[7] - The company is investing in R&D, with a planned budget increase of 10% to support new technology development[7] Market Expansion - The company is focusing on market expansion in Europe, targeting a 30% increase in market share by 2026[7] Acquisitions - Hyperscale Data, Inc. is exploring potential acquisitions to enhance its technology portfolio, with a budget of $100 million allocated for this purpose[7] Operational Efficiency - The management emphasized the importance of maintaining operational efficiency, aiming for a 5% reduction in operational costs by the end of 2025[7] Risks and Uncertainties - Forward-looking statements indicate potential risks and uncertainties that could impact actual results[7]
Hyperscale Data, Inc. Announces Preliminary 2024 Results: $108.8 Million in Revenue, $150.3 Million Pro Forma with Giga-tronics
GlobeNewswire· 2025-03-03 11:30
Core Viewpoint - Hyperscale Data, Inc. is transitioning to a pure-play AI data center operator by the end of 2025, driven by significant revenue contributions from its subsidiaries, particularly in high-performance computing and AI infrastructure [1][4][5] Financial Performance - Total revenue for the year ended December 31, 2024, was $108.8 million, with pro forma revenue (including Giga-tronics defense unit) at $150.4 million [6] - Revenue breakdown includes Sentinum generating $30.6 million from crypto mining and $0.9 million from real estate leases, ACG contributing $77.3 million across various sectors, and Giga-tronics defense unit (deconsolidated) at $41.6 million [6] Strategic Initiatives - Hyperscale Data is enhancing its AI Data Center, with plans to increase power capacity from approximately 30 megawatts to about 340 megawatts [3] - The company is set to divest Ault Capital Group (ACG) by December 31, 2025, focusing solely on HPC and AI data center operations [4][9] Leadership Perspective - CEO William B. Horne emphasized that the separation from ACG is a pivotal moment for the company, aiming to unlock value by concentrating on AI-driven infrastructure [5]
Hyperscale Data Subsidiary Reaches Agreement in Principle to Add Capability for an Incremental 40 Megawatts to its Michigan Data Center, Boosting AI Infrastructure Development
GlobeNewswire· 2025-02-27 11:30
Core Viewpoint - Hyperscale Data, Inc. is expanding its Michigan data center's power capacity from approximately 30 MW to 340 MW, with an agreement to add an additional 40 MW from natural gas, significantly enhancing its ability to meet the growing demand for high-performance computing services, particularly for AI infrastructure [1][2]. Group 1: Expansion Details - The data center expansion to 300 MW is a crucial long-term goal for the company, aimed at serving the increasing demand for high-performance computing services [2]. - The additional 40 MW of power will be delivered sooner than the previously announced upgrade, utilizing natural gas instead of grid utility sources [2]. - The company is also exploring options to potentially add another 85 MW of power capacity [2]. Group 2: Strategic Goals - The CEO of Hyperscale Data emphasized the importance of alternative power sources in achieving the company's long-term goal of becoming a pureplay data center business [3]. - The company is transitioning towards high-performance computing services and will provide updates to stakeholders as developments occur [2][3]. Group 3: Company Overview - Hyperscale Data operates a data center that mines digital assets and offers colocation and hosting services for AI ecosystems and other industries [5]. - The company plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations [6].
Hyperscale Data Engages Northland Capital Markets to Explore Strategic Options for Michigan Data Center
GlobeNewswire· 2025-02-24 11:30
Core Insights - Hyperscale Data, Inc. has engaged Northland Capital Markets to explore strategic alternatives for its Michigan Data Center, indicating a focus on maximizing shareholder value through potential debt or equity raises, or joint ventures [1][3] - Northland Capital Markets has significant experience in the data center sector, advising on over $6 billion in transactions related to high-performance computing in the past year, particularly for clients in bitcoin mining [2] - The Michigan Facility spans 34.5 acres and currently has approximately 30 megawatts of available power, with plans to increase capacity to around 300 megawatts through an agreement with the local utility [3] Company Transition - Hyperscale Data is transitioning from a diversified holding company to a focused owner and operator of data centers, supporting high-performance computing services [7] - The company operates a data center for mining digital assets and offers colocation and hosting services for artificial intelligence ecosystems and other industries [7] - Hyperscale Data also provides mission-critical products through its subsidiary, Ault Capital Group, Inc., across various sectors including defense, automotive, and medical [7]
Hyperscale Data Subsidiary Reaches Agreement in Principle with Key Utility to Expand Michigan Data Center to 300 Megawatts, which Would Allow the Company to Advance its AI Infrastructure Growth
Newsfilter· 2025-02-19 11:30
Core Viewpoint - Hyperscale Data, Inc. has reached an agreement in principle with a local utility to upgrade its Michigan data center's power capacity from approximately 30 MW to 300 MW, which is expected to significantly enhance its capabilities in supporting high-performance computing services for artificial intelligence infrastructure [1][2][3]. Group 1: Company Developments - The power upgrade is anticipated to take 44 months from the execution of a formal Letter of Authorization (LOA) currently being negotiated [1][2]. - The expansion to 300 MW will enable the company to transition from self-mining Bitcoin to high-performance computing services, addressing the growing demand in the AI sector [2][3]. - The company is deploying network, electrical, and cooling systems for its first high-performance computing environment as part of this transition [2]. Group 2: Strategic Importance - The completion of the power upgrade is viewed as a critical long-term milestone that will enhance the company's ability to meet surging demand from AI and high-performance computing customers [2][3]. - The anticipated expansion marks a significant step in the company's transformation into a pure-play data center operator, focusing on building a world-class facility for next-generation technology [3]. Group 3: Future Outlook - The company plans to provide ongoing updates to stockholders and the public as developments occur during the transition and power upgrade process [2]. - Additional information regarding the material terms of the LOA will be disclosed in a Current Report on Form 8-K to be filed with the SEC [4].
Hyperscale Data Announces 32 Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Cumulative Redeemable Perpetual Preferred Stock
GlobeNewswire· 2025-02-12 11:30
Core Points - Hyperscale Data, Inc. has successfully paid 32 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, amounting to $0.2708333 per share per month [1] - The current yield on the Series D Preferred Stock is reported at 21.05% based on a closing price of $15.44 on February 11, 2025 [2] - The company is transitioning from a diversified holding company to solely owning and operating data centers to support high-performance computing services [3] Company Overview - Hyperscale Data owns and operates a data center for mining digital assets and providing colocation and hosting services, particularly for artificial intelligence ecosystems [3] - The company also offers mission-critical products through its subsidiary, Ault Capital Group, Inc., serving various industries including AI, gaming, defense, and medical [3] - Additionally, Hyperscale Data is engaged in private credit and structured finance through a licensed lending subsidiary [3]
Hyperscale Data Announces 19.2 Bitcoin Mined in January 2025
GlobeNewswire· 2025-02-07 11:30
Core Viewpoint - Hyperscale Data, Inc. is transitioning from a diversified holding company to a provider of high-performance computing services, focusing on AI solutions, while maintaining confidence in its Bitcoin mining operations [2][4]. Group 1: Bitcoin Mining Operations - In January 2025, the company's subsidiary Sentinum mined approximately 19.2 Bitcoin, generating a monthly mining revenue of about $1.9 million based on a Bitcoin price of approximately $97,000 [1]. - The company anticipates generating approximately $20 million in Bitcoin mining revenue for 2025, assuming the current Bitcoin price is maintained and the transition to HPC services is completed by September 2025 [2]. Group 2: Transition to High-Performance Computing - The transition to high-performance computing services is expected to be completed by the end of September 2025, which is seen as a strategic move to capitalize on future growth opportunities [2][4]. - The company plans to bring Bitcoin mining machines back online at its Montana location by the end of March 2025, which will enhance its mining activities during the transition period [2]. Group 3: Company Overview - Hyperscale Data operates a data center that mines digital assets and offers colocation and hosting services, supporting the emerging artificial intelligence ecosystem and other industries [4]. - The company is also involved in private credit and structured finance through a licensed lending subsidiary, diversifying its business operations [4].
Hyperscale Data Center Market to Reach US$ 177.58 Billion By 2032 | Astute Analytica
GlobeNewswire News Room· 2025-02-06 12:05
Core Insights - The global hyperscale data center market is projected to reach a valuation of US$ 177.58 billion by 2032, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2032 [1] - The market is significantly driven by colocation providers, which lease real estate space to cloud service companies, facilitating rapid development of cloud regions globally [2] - The demand for big data technologies is escalating, with global data expected to reach 175 zettabytes by 2023, necessitating extensive infrastructure for storage and processing [4] Market Dynamics - The hyperscale data center market is experiencing unprecedented growth due to increasing requirements for data processing and storage [6] - The IT infrastructure market is anticipated to generate US$ 95.95 billion by 2032, indicating its critical role in supporting hyperscale data centers [7] - The global server market shipments reached 14 million units in the first half of 2023, contributing to the growth of hyperscale facilities [7] Technological Advancements - The construction of submarine cables by major tech companies is transforming data transmission methods, enhancing connectivity between regions [3] - The rise of AI and machine learning is driving hyperscale operators to integrate advanced technologies like quantum computing and edge computing into their infrastructures [4] - The market for power management solutions for data centers is valued at US$ 19 billion in 2023, reflecting a shift towards eco-friendly and power-efficient options [8] Industry Investment - The healthcare sector is projected to invest over US$ 15 billion annually in data analytics by 2025, highlighting the importance of hyperscale data centers in various industries [4] - The banking industry is expected to allocate upwards of US$ 50 billion on cloud infrastructure over the next five years, underscoring the critical role of hyperscale data centers [5] - Major internet companies are investing heavily in submarine cable projects to enhance global data transmission capabilities [3] Regional Developments - New hyperscale facilities are emerging in regions like South Asia and Latin America, promoting globalization and digital development [2] - The hyperscale data center market is expanding globally, with significant investments in infrastructure to meet the growing demand for cloud computing and data storage [5]
Hyperscale Data Announces 31 Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Cumulative Redeemable Perpetual Preferred Stock
GlobeNewswire· 2025-01-28 11:30
Core Viewpoint - Hyperscale Data, Inc. has successfully paid 31 consecutive monthly cash dividends on its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, demonstrating its commitment to delivering consistent value to stockholders [1][2]. Company Overview - Hyperscale Data is transitioning from a diversified holding company focused on acquiring undervalued businesses and disruptive technologies to becoming solely an owner and operator of data centers that support high-performance computing services [3]. - The company owns and operates a data center for mining digital assets and offers colocation and hosting services for emerging artificial intelligence ecosystems and other industries [3]. - Through its subsidiary, Ault Capital Group, Inc., the company provides mission-critical products across various sectors, including artificial intelligence, social gaming, defense/aerospace, and medical/biopharma [3]. - Hyperscale Data is also engaged in private credit and structured finance through a licensed lending subsidiary [3].