Fannie Mae, Freddie Mac shares tumble after conservatorship comments
LAS VEGAS - Hyperscale Data, Inc. (NYSE American: GPUS), a micro-cap technology company with a market value of $35 million and declining revenues (-34% year-over-year), announced today that its subsidiary Bitnile.com will start accepting the $PEPE meme coin as a payment method for virtual in-game currency on its sweepstakes-based social-casino platform. This change is set to take place on or about July 1, 2025. The virtual currency, known as Nile tokens, is used to play various casino-style games on the platform, such as slots, poker, and blackjack, although they cannot be exchanged for cash or prizes.
Additionally, Bitnile.com plans to accept $TRUMP coin, another meme coin, starting on or about June 15, 2025. A special promotion will accompany the introduction of $TRUMP, offering players triple the usual amount of Nile tokens and sweepstakes coins with their purchases for one month.
Joe Spaziano, CEO of Bitnile.com, expressed the company’s vision for the integration of meme coins into practical applications, stating, "By enabling purchases and redemptions in $PEPE and $TRUMP coins, we are giving these communities real-world use cases while enhancing our user experience."
The acceptance of these meme coins aligns with Hyperscale Data’s broader business strategy. The company, which also owns and operates a data center through its subsidiary Sentinum, Inc., is involved in digital asset mining and provides hosting services for AI ecosystems. Hyperscale Data’s other subsidiary, Ault Capital Group, Inc., is a diversified holding company that acquires businesses and technologies with a global impact.
Looking ahead, Hyperscale Data intends to divest itself of Ault Capital Group on or about December 31, 2025. Following the divestiture, Hyperscale Data will focus primarily on data center operations for high-performance computing services and may continue Bitcoin mining. According to InvestingPro analysis, the company operates with a significant debt burden (debt-to-equity ratio of 19.07) and faces challenges with cash burn, which could impact its strategic initiatives. While currently slightly undervalued, investors should note the company’s weak financial health score of 1.24.
This press release contains forward-looking statements that are subject to risks and uncertainties. The company cautions that actual results could differ materially from those projected in any forward-looking statements. For comprehensive financial analysis and 12 additional key insights about GPUS, visit InvestingPro. The information presented is based on a press release statement and does not constitute an endorsement of claims.
In other recent news, Hyperscale Data, Inc. has made several strategic moves impacting its operations and financial strategies. The company has announced that its subsidiary, Sentinum, Inc., secured approximately 17.4 Bitcoin in May 2025 and around 90 Bitcoin since the beginning of the year, reflecting robust performance in its Bitcoin mining operations. Additionally, Sentinum is set to resume mining operations at its Montana site, with plans to increase its capacity to operate about 3,200 S19j Pro Antminers by July 2025. In a financial development, Hyperscale Data issued a $110,000 convertible promissory note to Jorico, LLC, providing the company with $100,000 in immediate capital. The note is convertible into shares of Hyperscale Data’s Class A common stock, contingent upon NYSE American’s approval. Furthermore, the company amended the terms of its Series B Convertible Preferred Stock, adjusting the conversion price to a minimum of $0.40 per share or 75% of the lowest VWAP during the five days preceding the conversion date. Hyperscale Data also announced that its subsidiary Bitnile.com now accepts Nile Coin as payment for its virtual in-game currency package, aligning with its strategy to integrate blockchain technology. These developments are part of Hyperscale Data’s broader plans, including the divestiture of its subsidiary Ault Capital Group, Inc. by the end of 2025, to focus on data center operations and high-performance computing services.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.