Here’s why Citi says crypto prices have been weak recently
LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) announced Tuesday that its Bitcoin treasury has grown to approximately $73.5 million, representing about 61% of the company’s market capitalization. According to InvestingPro data, GPUS currently has an adjusted market cap of $72.88 million with shares trading at $0.38, down significantly from its 52-week high of $9.98.
The AI data center company reported holding approximately 234.7157 Bitcoin as of November 2, with 40.2189 Bitcoin generated from mining operations and 194.4968 acquired through open market purchases. Based on Bitcoin’s closing price of $110,639 on November 2, these holdings were valued at approximately $26 million.
The company has allocated an additional $47.5 million in cash for future Bitcoin purchases through its subsidiary Sentinum, Inc. Hyperscale Data indicated it will deploy this capital using a dollar-cost averaging strategy, typically investing at least 5% of allocated funds weekly, though actual amounts may vary based on market conditions.
"We are very pleased with our current strategy and are happy with the progress we have made towards our overall goal," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, according to the company’s press release.
The Bitcoin accumulation is part of Hyperscale Data’s broader $100 million digital asset treasury strategy, with a long-term goal of holding Bitcoin equal to 100% of its market capitalization.
The company stated it will continue issuing weekly reports every Tuesday detailing its Bitcoin holdings as it progresses toward its target. Hyperscale Data’s announcement comes amid continued institutional interest in cryptocurrency as both an investment and treasury asset.
In other recent news, Hyperscale Data, Inc. has made significant strides in its Bitcoin mining and treasury strategies. The company announced the acquisition of 2,000 Bitmain S21 Pro Bitcoin miners, which are expected to double its mining production capacity. This purchase adds to a previous acquisition of 2,099 Bitmain S21+ miners, bringing the total new mining equipment to 4,099 machines. The company’s Bitcoin treasury has reached approximately $68.8 million, accounting for about 50% of its market capitalization, with a long-term goal of equating its Bitcoin holdings to 100% of its market cap. Hyperscale Data’s Bitcoin treasury strategy is part of a broader $100 million digital asset plan. Additionally, the company plans to launch an on-demand GPU cloud platform through its subsidiary, Alliance Cloud Services, in the first half of 2026. This service will provide access to NVIDIA’s advanced GPUs, facilitating AI and high-performance computing workloads. These developments highlight Hyperscale Data’s ongoing efforts to expand its digital asset and cloud service capabilities.
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