Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Hyperscale Data, Inc. (NYSE American:GPUS), currently trading at $0.47 and down 89% year-to-date, reported unregistered sales of equity securities this week, according to a statement filed with the Securities and Exchange Commission. InvestingPro analysis reveals concerning metrics about the company’s financial health, with a weak overall score of 1.5 out of 5.
Between September 29 and October 7, the company issued a total of 8,750,000 shares of its Class A common stock following the conversion of 3,500 shares of Series B Convertible Preferred Stock. During the same period, from September 29 to October 8, Hyperscale Data issued 256 shares of Class A common stock upon conversion of an equal number of Class B common stock shares. The company’s market capitalization stands at $52.55 million, with concerning liquidity metrics showing current assets cover only 31% of short-term obligations.
Additionally, on October 7, the company issued 2,264,155 shares of Class A common stock as a result of the conversion of $905,662 in principal and accrued interest under a convertible note.
All shares were offered and sold without registration under the Securities Act of 1933, relying on the exemption provided by Section 4(a)(2).
As of October 9, Hyperscale Data reported 188,945,811 shares of Class A common stock outstanding.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Hyperscale Data, Inc. has made significant financial strides by reducing its non-affiliated consolidated debt by approximately $30 million. This debt reduction is part of a broader financial restructuring to support the expansion of its Michigan artificial-intelligence and Bitcoin data center campus. The company also announced an order for 1,000 Bitmain Antminer S21+ miners, marking the first phase of a planned 20-megawatt upgrade for its Michigan data center. This upgrade will be carried out in 4-megawatt phases to ensure minimal disruption to current operations.
Additionally, Hyperscale Data reported that its Bitcoin treasury has surged to approximately $41 million, representing 44% of the company’s market capitalization. The company’s subsidiary, Sentinum, held around 90.6144 Bitcoin as of October 5, marking a 312% increase from the previous week. In another development, Hyperscale Data has maintained its 39-month streak of paying a monthly cash dividend for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. These dividends are paid at an annual rate of 13.00% per $25.00 of stated liquidation preference per share, translating to $0.2708333 per share monthly.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.