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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), a micro-cap technology company with a market capitalization of $16.6 million, announced Friday that its subsidiary Bitnile.com has begun accepting all verified Solana-based tokens as payment on its sweepstakes-based social-casino platform. InvestingPro data shows the company faces significant financial challenges, with revenue declining 34% in the last twelve months.
The integration includes support for trending coins such as $BONK and $TRUMP, along with other verified tokens issued under the Solana Program Library standard. The company noted it reserves the right to reject specific coins based on verification, liquidity and other factors.
The implementation features wallet integration for Solana users and utilizes the network’s fast, low-fee transaction capabilities. The platform will also be compatible with other Solana ecosystem tokens including Jupiter and Raydium.
"Solana is one of the most powerful and vibrant ecosystems within the cryptocurrency world today," said Joe Spaziano, Chief Executive Officer of Bitnile. "By opening Bitnile up to every verified Solana-based token, we’re giving users the freedom to bring their communities with them while playing on the Bitnile.com platform."
Hyperscale Data operates through two main subsidiaries: Sentinum, which runs a data center for digital asset mining and colocation services, and ACG, a diversified holding company. The company plans to divest itself of ACG around December 31, 2025, according to the press release statement.
Hyperscale Data previously issued one million shares of Series F Exchangeable Preferred Stock to stockholders in December 2024, which will be used in the planned divestiture process.
In other recent news, Hyperscale Data, Inc. announced plans to significantly expand the power capacity at its Michigan data center facility from 30 megawatts to 340 megawatts. This expansion involves agreements with local utilities and is expected to take up to 44 months for completion. Additionally, Hyperscale Data’s subsidiary, Bitnile.com, has introduced the $TRUMP meme coin as a payment option on its social-casino platform, joining other cryptocurrencies like the $NILE coin. In corporate developments, the company’s Founder and Executive Chairman, Milton Todd Ault III, will step down from his role following the planned divestiture of Ault Capital Group, Inc. by the end of 2025. William Horne, the current CEO, is expected to assume the role of Chairman. Hyperscale Data also reported issuing new equity shares through conversions of preferred and common stock, resulting in a total of 3,151,372 shares of Class A Common Stock outstanding. The company projects an annual Bitcoin mining run rate of approximately $41 million, based on current Bitcoin prices, through its subsidiary Sentinum. These recent developments highlight the company’s strategic moves to focus on data center operations and digital asset mining.
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