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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) announced Wednesday that it has received the full shipment of its recently purchased Bitmain S21+ and S21 Pro Antminers and is finalizing their deployment over the coming weeks. The announcement comes as the company's stock trades at $0.34, having fallen over 95% in the past year according to InvestingPro data.
The company, which operates as an artificial intelligence data center business with Bitcoin mining operations, expects the new equipment to significantly increase its Bitcoin production efficiency and overall output once fully deployed.
This expansion supports Hyperscale Data's digital asset treasury strategy, which aims to acquire $100 million in Bitcoin through a combination of mining operations and open market purchases.
"We are buying Bitcoin on top of our mining operations, allowing us to accumulate Bitcoin through a disciplined strategy and establish a long-term foundation of Bitcoin to strengthen the Company's balance sheet," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, in a press release statement.
CEO Will Horne added that the company's Michigan data center is positioned to support both digital asset mining and AI computing operations.
Hyperscale Data operates through its subsidiary Sentinum, Inc., which mines digital assets and offers colocation and hosting services for AI ecosystems. The company also owns Ault Capital Group, Inc. (ACG), a diversified holding company that it currently plans to divest in the second quarter of 2026.
The deployment represents a significant expansion of Hyperscale Data's mining infrastructure as the company pursues its dual focus on Bitcoin accumulation and AI computing services.
In other recent news, Hyperscale Data, Inc. reported significant developments in its financial and operational activities. The company announced that its Bitcoin treasury has expanded to 267.6862 Bitcoins, valued at approximately $75.25 million as of November 9. This holding represents about 66% of the company's market capitalization. Hyperscale Data also disclosed that its total assets are estimated at $330 million, equating to about $1.02 per share, while its net assets are around $150 million, or $0.47 per share.
In a move to strengthen its financial position, Hyperscale Data completed a $125 million at-the-market equity offering, selling 255,490,454 shares of Class A common stock. The company plans to use these funds to bolster its balance sheet and support growth initiatives. Additionally, Hyperscale Data has finalized an order for 2,000 Bitmain S21 Pro Bitcoin miners, which is expected to nearly double its Bitcoin mining capacity. This order follows a previous acquisition of 2,099 Bitmain S21+ miners, totaling 4,099 new mining machines. These strategic moves reflect Hyperscale Data's ongoing efforts to enhance its Bitcoin mining operations and financial stability.
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