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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) announced Monday that its indirect, wholly owned subsidiary, Ault Markets, Inc., plans to launch a validator node on the Solana blockchain in the third quarter of 2025. The company, currently valued at $27.59 million in market capitalization, is making this move amid challenging financial conditions, according to InvestingPro data.
The initiative represents an expansion of Hyperscale Data’s blockchain infrastructure services and is part of the company’s strategy to increase its involvement with decentralized technologies.
According to the company’s press release, Ault Markets will deploy a high-performance validator node that will participate in transaction validation and block production on the Solana network. The validator will support delegated staking with a reward distribution structure for both internal operations and external participants.
Milton Todd Ault III, Founder and Executive Chairman of Hyperscale Data, described the move as "a strategic step in our mission to build the next generation of blockchain infrastructure and asset management."
The company stated that Ault Markets is preparing an application for the Solana Foundation Delegation Program, aiming to become an infrastructure partner within the Solana ecosystem.
Hyperscale Data indicated that Ault Markets intends to eventually expand its validation services to additional blockchain protocols as part of a multi-chain infrastructure strategy.
Through its subsidiary Sentinum, Inc., Hyperscale Data operates a data center for digital asset mining and colocation services. The company also owns Ault Capital Group, Inc., which it expects to divest by December 31, 2025. Financial metrics from InvestingPro indicate significant challenges, with a current ratio of 0.28 and total debt of $120.32 million, highlighting the importance of successful execution of its strategic initiatives.
The information in this article is based on a company press release statement.
In other recent news, Hyperscale Data, Inc. announced that its subsidiary Sentinum has resumed Bitcoin mining operations at its Montana facility. The company has reactivated approximately 10 megawatts of power and plans to expand its operations to 3,200 Antminers by July 2025. Additionally, Hyperscale Data revealed plans to significantly increase power capacity at its Michigan data center from 30 megawatts to 340 megawatts, with agreements in place with local utilities. This expansion is expected to support hosting agreements for AI and high-performance computing services.
The company also reported that its askROI app has surpassed 300,000 downloads, nearly doubling its previous milestone, despite minimal marketing efforts. Meanwhile, Bitnile.com, another subsidiary, has begun accepting all verified Solana-based tokens as payment on its platform, including popular tokens like $BONK and $TRUMP. Furthermore, Bitnile.com has added the $TRUMP meme coin as a payment option for its social-casino games. Hyperscale Data reiterated its plan to divest from Ault Capital Group, Inc. by the end of 2025, focusing on data center operations and potentially continuing some digital asset activities.
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