BitMine stock falls after CEO change and board appointments
LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), currently trading at $0.73 and down over 93% in the past year, announced Monday it will begin publishing weekly updates on its XRP cryptocurrency acquisition activity starting August 12, 2025. According to InvestingPro data, the company’s market capitalization stands at approximately $20 million.
The company confirmed it has begun implementing its previously announced strategy to acquire up to $10 million worth of XRP digital assets, despite InvestingPro analysis showing concerning liquidity metrics with a current ratio of 0.28 and significant debt burden. These weekly reports will summarize all digital asset transactions from the prior week and reflect cumulative holdings on the company’s balance sheet.
According to the press release, Hyperscale Data is considering a 36-month lockup period for its XRP holdings, subject to internal milestones and market conditions. The company’s board is also evaluating the possibility of expanding beyond the initial $10 million XRP acquisition program, contingent on available financing. InvestingPro subscribers can access 15+ additional tips about GPUS’s financial health and market performance.
"We believe in the long-term future of artificial intelligence and energy," stated Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "We view XRP as a foundational asset in the evolving global financial ecosystem." The company’s revenue has declined by 34% over the last twelve months, with an EBITDA of -$19 million.
Hyperscale Data operates through its wholly owned subsidiary Sentinum, Inc., which runs a data center for digital asset mining and colocation services for AI ecosystems. The company also owns Ault Capital Group, Inc., which it currently expects to divest around December 31, 2025.
The initiative is described as part of the company’s broader strategy to enhance transparency around its digital asset investment operations while maintaining a disciplined approach to XRP accumulation.
This information is based on a press release statement issued by the company.
In other recent news, Hyperscale Data, Inc. reported a 45% increase in its second-quarter revenue, reaching $25.8 million compared to $17.8 million in the same period last year. The company also reaffirmed its full-year revenue guidance of $125 million to $135 million. Hyperscale Data plans to expand its Michigan data center campus to 340 megawatts by the third quarter of 2029, focusing on artificial intelligence and high-performance computing infrastructure. Currently, the company operates approximately 30 megawatts at the Michigan facility and aims to increase capacity to 70 megawatts over the next 20 months. Additionally, Hyperscale Data announced monthly cash dividends for its preferred stock, including a payment of $0.2708333 per share for its 13.00% Series D and $0.20833 per share for its 10.00% Series E. BitNile.com, a subsidiary of Hyperscale Data, is seeking centralized exchange listings for its $NILE coin, which currently has an estimated market capitalization of $103 million. Furthermore, Hyperscale Data’s askROI app has surpassed 590,000 downloads across Apple App Store and Google Play platforms.
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