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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), a technology company with a market capitalization of $20.4 million, announced Thursday that its subsidiary askROI has exceeded 700,000 cumulative downloads across Apple App Store and Google Play platforms. According to InvestingPro analysis, the company faces significant operational challenges, with revenue declining by 34% in the last twelve months.
The company plans to release a fully native mobile version of the askROI app in the coming weeks, according to a press release statement. The updated version will feature new financial tools and artificial intelligence agents designed to provide deeper insights and faster response times for users.
"Passing 700,000 downloads is just the beginning," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, in the statement.
The company has set one million downloads as its next milestone and intends to expand its development team while accelerating international growth initiatives.
Hyperscale Data operates through its subsidiary Sentinum, Inc., which runs a data center for digital asset mining and colocation services. The company also owns Ault Capital Group, Inc. (ACG), a diversified holding company that acquires undervalued businesses.
The company currently expects to divest ACG around December 31, 2025, though this timeline is not guaranteed. Following the divestiture, Hyperscale Data would focus on operating data centers to support high-performance computing services and holding digital assets.
In December 2024, the company issued one million shares of newly designated Series F Exchangeable Preferred Stock to common stockholders and holders of Series C Convertible Preferred Stock on an as-converted basis, which relates to the planned divestiture process.
In other recent news, Hyperscale Data, Inc. announced its plan to acquire up to $10 million in XRP cryptocurrency, which will remain on the company’s balance sheet rather than being transferred to its subsidiary, Ault Capital Group. The company also stated it will begin providing weekly updates on its XRP acquisition activity starting August 12, 2025. Additionally, Hyperscale Data revealed a strategic roadmap to expand its Michigan data center campus to 340 megawatts by the third quarter of 2029, focusing on artificial intelligence and high-performance computing infrastructure. The company currently operates approximately 30 megawatts at the facility, with plans to increase capacity to 70 megawatts over the next 20 months. In another development, Hyperscale Data’s subsidiary, Alliance Cloud Services, has entered into an agreement with SEMCO Energy Gas Company to plan natural gas infrastructure for the Michigan data center, enabling 40 megawatts of additional on-site power generation. Furthermore, BitNile.com, a majority-owned subsidiary of Hyperscale Data, announced its intention to seek listings on centralized digital asset exchanges for its native utility token, $NILE. The $NILE coin, operating on the Solana blockchain, has a market capitalization of approximately $103 million, with 99% held by BitNile.
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