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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) announced Monday it has purchased approximately 59.76 Bitcoin worth $6 million during the week of November 10-14, at an average price of $100,405.49 per Bitcoin. The company’s aggressive cryptocurrency acquisition comes despite trading at just $0.28 per share, having fallen nearly 96% over the past year according to InvestingPro data.
The AI data center company, which incorporates Bitcoin mining in its business model, released its weekly Bitcoin treasury update ahead of its regular Tuesday schedule, citing heightened volatility in digital asset and AI markets as the reason for the early disclosure.
According to the company’s statement, the purchases were made as part of its ongoing dollar-cost averaging strategy, with daily acquisitions ranging from 5 to 21.21 Bitcoin. The largest single-day purchase occurred on November 14, when the company acquired 21.21 Bitcoin for approximately $2 million at an average price of $94,368.51.
"We are buying Bitcoin every day. We are dollar-cost averaging with conviction, and we are committed to building a balance sheet anchored in Bitcoin while we continue expanding our Michigan AI data center," said Milton "Todd" Ault III, Founder and Executive Chairman of Hyperscale Data, in the press release. What Ault didn’t mention is that InvestingPro analysis shows the company is quickly burning through cash with short-term obligations exceeding liquid assets, raising questions about the sustainability of its Bitcoin acquisition strategy.
The company stated it will continue its regular Tuesday morning Bitcoin treasury updates moving forward, despite this early release.
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, a diversified holding company that it expects to divest in the second quarter of 2026.
In other recent news, Hyperscale Data, Inc. reported its estimated total assets at approximately $330 million, equating to $1.02 per share, with net assets of about $150 million, or $0.47 per share, as of October 31. The company has also completed a $125 million at-the-market equity offering, selling over 255 million shares of Class A common stock. Hyperscale Data’s Bitcoin holdings have grown to 267.6862 Bitcoin, valued at about $75.25 million, which represents 66% of its market capitalization. Additionally, the company has deployed over 4,000 new Bitmain S21+ and S21 Pro Antminers, expecting to boost Bitcoin production efficiency and output.
Executive Chairman Milton "Todd" Ault III emphasized a strong commitment to a Bitcoin-anchored strategy, stating he never wants to sell Bitcoin again. The company’s combined cash and Bitcoin holdings total $122 million, accounting for 37% of its total assets. Hyperscale Data’s stock has been trading below $0.35 per share, despite its assets being valued at $1.02 per share. These developments reflect the company’s ongoing focus on leveraging its Bitcoin operations and strengthening its financial position.
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