Hyperscale Data restarts bitcoin mining at Montana facility

LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) announced Wednesday that its subsidiary Sentinum has reactivated approximately 10 megawatts of power at its Montana facility and resumed Bitcoin mining operations. The company, currently valued at $28.6 million in market capitalization, faces significant operational challenges with a concerning debt-to-equity ratio of 19x, according to InvestingPro data.

The company plans to operate about 50 S19j Pro Antminers initially, expanding to approximately 2,600 machines within a week. Sentinum expects to reach full capacity of around 3,200 Antminers by the end of July 2025.

"We are excited to announce the resumption of Bitcoin mining operations in Montana and are happy with the execution from the Sentinum team," said Will Horne, Chief Executive Officer of Hyperscale Data.

The company indicated the decision follows months of strategic planning aimed at improving profitability and utilizing underutilized power at the Montana site. According to the company’s statement, this year’s appreciation in Bitcoin price has slightly outpaced the increase in mining difficulty.

Hyperscale Data operates through its wholly owned subsidiary Sentinum, which mines digital assets and offers colocation and hosting services. The company also owns Ault Capital Group, Inc. (ACG), which it expects to divest by December 31, 2025.

After this planned divestiture, Hyperscale Data would focus solely on operating data centers to support high-performance computing services, though it may continue some digital asset operations.

This information is based on a company press release statement.

In other recent news, Hyperscale Data, Inc. announced significant developments across its operations. The company plans to expand the power capacity at its Michigan data center from 30 MW to 340 MW, with agreements in place with local utilities. This expansion is part of Hyperscale Data’s strategy to enhance its hosting capabilities for AI and high-performance computing services. Additionally, Hyperscale Data’s subsidiary, Bitnile.com, has integrated all verified Solana tokens as a payment method on its platform, highlighting the company’s interest in cryptocurrency adoption. Furthermore, Bitnile.com has added the $TRUMP meme coin as a payment option, with plans to include more cryptocurrencies in the future.

Hyperscale Data’s subsidiary, askROI, has surpassed 300,000 cumulative app downloads, nearly doubling its previous milestone. The company attributes this growth to improved functionality despite minimal marketing efforts. In corporate restructuring news, Milton Todd Ault III will step down as Executive Chairman following the planned divestiture of Ault Capital Group, Inc. by the end of 2025. William Horne, the current CEO, is expected to take on the additional role of Chairman. These developments reflect Hyperscale Data’s ongoing transformation and focus on data center operations and digital asset mining.

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