Lisa Cook sues Trump over firing attempt, emergency hearing set
LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), currently trading at $0.58 and showing concerning financial metrics according to InvestingPro analysis, announced Thursday that Gresham Worldwide, Inc., a majority-owned defense business, has received final court approval for its Chapter 11 reorganization plan, setting the stage for its emergence from bankruptcy protection on October 1, 2025.
Upon Gresham’s emergence from bankruptcy, Hyperscale Data expects to reconsolidate it as a direct subsidiary. The company projects Gresham will contribute approximately $40 million in annualized sales to consolidated results, a significant addition to Hyperscale’s current revenue of $93.32 million. InvestingPro data reveals the company faces challenges with a substantial debt burden of $120.32 million and a concerning current ratio of 0.28.
"This is a pivotal milestone for both Hyperscale Data and Gresham Worldwide," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, according to the company’s press release.
The approved plan follows extensive negotiations among creditors, management and other stakeholders. Hyperscale Data states the reorganization will provide Gresham Worldwide with a stronger balance sheet and foundation for future operations.
Hyperscale Data operates through its wholly owned subsidiary Sentinum, Inc., which mines digital assets and offers colocation and hosting services for artificial intelligence ecosystems. The company also owns Ault Capital Group, Inc. (ACG), a diversified holding company.
The company currently plans to divest ACG in the first quarter of 2026. Following this divestiture, Hyperscale Data will focus on operating data centers to support high-performance computing services and holding digital assets. With the stock down 92.96% over the past year and trading below its InvestingPro Fair Value, investors seeking deeper insights into the company’s financial health and growth prospects can access over 15 additional ProTips and comprehensive metrics through InvestingPro.
In December 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders and Series C Preferred Stock holders. The divestiture will occur through voluntary exchange of these preferred shares for ACG shares.
The information in this article is based on a press release statement from Hyperscale Data.
In other recent news, Hyperscale Data, Inc. has made several noteworthy announcements. The company reported a significant financial restructuring by reducing its outstanding consolidated non-affiliated debt by approximately $25 million, a strategic move ahead of its planned expansion of power capacity at its Michigan data center campus. Additionally, Hyperscale Data declared monthly cash dividends for its preferred stock, with payments scheduled for September 10, 2025.
In terms of digital asset investments, its subsidiary, Sentinum, Inc., acquired a total of 16,050 XRP tokens over two weeks, bringing its holdings to 23,000 tokens. Sentinum’s investment added approximately $50,000 to its XRP portfolio. Furthermore, Hyperscale Data launched the OnlyBulls app, an AI-powered market assistant for portfolio management, now available on major app platforms.
These developments reflect Hyperscale Data’s ongoing efforts in financial management and technological innovation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.