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LAS VEGAS - Hyperscale Data, Inc. (NYSE American: GPUS), a small-cap technology company with a market capitalization of $37.57 million, announced today that its subsidiary Sentinum, Inc. has signed a Hosting Services Agreement with Montana OP LLC for Bitcoin mining operations. According to InvestingPro data, the company currently operates with significant debt and faces challenges in cash management. Under the agreement, Sentinum will be provided with operational and asset management services, including access to approximately 20 megawatts of energy capacity at the Montana data center.
The contract, effective immediately, has a one-year duration with automatic annual renewals, barring a 90-day termination notice from either party. Sentinum plans to deploy around 6,800 S19j Pro Antminers by the end of June 2025, aiming to enhance its Bitcoin mining capabilities. This expansion comes despite the company’s challenging financial position, with a high debt-to-equity ratio of 19.07x and a concerning current ratio of 0.28.
In times of high electricity demand, the service provider can reduce the data center’s power consumption and sell the excess to the utility grid. The profits from such sales are to be split equally between Sentinum and the service provider.
Milton Todd Ault III, Executive Chairman of Hyperscale Data, expressed optimism about the partnership’s potential to leverage the rising Bitcoin prices and the additional revenue from energy curtailment. Plant Director Robert Goldman highlighted the dual benefits of the facility, serving as a power grid hedge and enabling cost-efficient Bitcoin production when energy prices are low.
The press release also mentioned Hyperscale Data’s plans to divest its other subsidiary, Ault Capital Group, Inc., by the end of 2025. This move will shift the company’s focus solely to data center operations and potentially continue Bitcoin mining post-divestiture.
This news is based on a press release statement from Hyperscale Data, Inc. The company advises shareholders and interested parties to consult its public filings and press releases for further information.
In other recent news, Hyperscale Data, Inc. announced a settlement agreement that will see Gresham Worldwide emerge from bankruptcy as a subsidiary, potentially boosting Hyperscale Data’s revenue by up to $10 million in the fourth quarter of 2025. The company has updated its full-year 2025 revenue guidance to range between $125 million and $135 million, factoring in the expected contributions from Gresham Worldwide. Additionally, Hyperscale Data’s subsidiary, askROI, Inc., launched an advanced AI customer service agent aimed at improving customer engagement and reducing support costs. On the digital front, Bitnile.com, another subsidiary, will accept $PEPE and $TRUMP meme coins as payment methods for its gaming platform, enhancing user experience with new promotional offers. Furthermore, Bitnile.com has introduced Nile Coin as a payment option, aligning with Hyperscale Data’s strategy to integrate blockchain technology across its services. Sentinum, Inc., a subsidiary of Hyperscale Data, reported securing approximately 90 Bitcoin since the start of the year, with plans to expand its mining capacity in Montana. Hyperscale Data also plans to divest Ault Capital Group, Inc. by the end of 2025, focusing on data center operations and Bitcoin mining post-divestiture.
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