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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), currently valued at $13.23 million market cap and showing a weak financial health score according to InvestingPro, announced Thursday that its Bitcoin treasury has reached approximately $8 million, representing 34% of its public float, up from 12% less than two weeks ago.
The company’s subsidiary, Sentinum, Inc., currently holds $2 million in Bitcoin from its crypto mining operations, while Hyperscale has allocated an additional $6 million for open-market Bitcoin purchases. This aggressive Bitcoin strategy comes as the company faces significant debt obligations, with a concerning current ratio of 0.31 indicating potential liquidity challenges.
"Bitcoin is the foundation of our treasury strategy," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "We will have grown our Bitcoin holdings from 12% of our float to 34% in under two weeks."
The company stated its intention to accumulate Bitcoin equal to 100% of its market capitalization, with a $100 million treasury target. Hyperscale plans to issue weekly reports every Tuesday detailing its Bitcoin holdings progress.
William B. Horne, Chief Executive Officer, described Bitcoin as "a strategic anchor" for the company’s balance sheet as it expands its Michigan artificial intelligence data center campus, which has a target power capacity of approximately 340 megawatts.
Hyperscale Data, which has been mining Bitcoin since 2017, is pursuing this strategy alongside the planned divestiture of its Ault Capital Group subsidiary, expected in the first quarter of 2026.
The company’s announcement comes amid increasing interest from corporations in holding Bitcoin as a treasury asset. According to the press release statement, Hyperscale views the combined approach of Bitcoin accumulation and AI compute infrastructure development as positioning the company for long-term growth. For investors seeking deeper insights into GPUS’s financial health and strategic positioning, InvestingPro offers 15 additional investment tips and comprehensive financial metrics that could be crucial for investment decisions.
In other recent news, Hyperscale Data, Inc. announced a significant $100 million Bitcoin treasury strategy, marking a transformative step in its evolution into an artificial intelligence data center and digital asset company. This initiative will be partially funded by proceeds from selling the company’s Montana data center assets and capital raised through an at-the-market equity program. As part of this strategy, Hyperscale Data has allocated $5 million for immediate Bitcoin purchases, with plans to complete these by September 23. Additionally, the company is accelerating the expansion of its Michigan campus, focusing on advanced AI and high-performance computing workloads powered by NVIDIA GPU servers. In another development, Hyperscale Data’s subsidiary, askROI, has reached a milestone of one million app downloads, offering AI-driven tools for financial analysis and business productivity. The company is also divesting its Montana assets, including land leases and power contracts, to concentrate resources on the Michigan facility. These recent developments underscore Hyperscale Data’s strategic shift towards AI and digital assets.
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