BofA update shows where active managers are putting money
Hyperscale Data, Inc. (NYSE:GPUS), currently trading at $0.66 per share and operating with significant debt concerns according to InvestingPro analysis, reported the issuance of more than 3 million shares of its Class A common stock over the past week through conversions of preferred stock and a convertible note, according to a statement filed with the Securities and Exchange Commission.
On July 24, the company converted 5 shares of Class B common stock into an equal number of Class A shares. Between July 25 and July 31, Hyperscale Data issued a total of 2,890,755 Class A shares following the conversion of approximately 1,689.50 shares of its Series B Convertible Preferred Stock.
Additionally, on July 30, the company issued 200,265 shares of Class A common stock upon the conversion of about $117,771 of an outstanding convertible note.
All of the newly issued shares were offered and sold in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
As of July 31, Hyperscale Data had 25,353,782 shares of Class A common stock outstanding.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Hyperscale Data, Inc. announced that its subsidiary, askROI, has surpassed 700,000 cumulative downloads across major app platforms and plans to launch a fully native mobile version in the coming weeks. This update will include new financial tools and AI agents aimed at enhancing user experience. Additionally, Hyperscale Data clarified that its acquisition of up to $10 million in XRP cryptocurrency will remain on the company’s balance sheet, not with its subsidiary Ault Capital Group, as part of its strategy to focus on its core data center business. The company also plans to provide weekly updates on its XRP acquisition activities starting August 2025.
In another development, Hyperscale Data’s subsidiary, Alliance Cloud Services, has entered into an agreement with SEMCO Energy Gas Company to design natural gas infrastructure for its Michigan data center, which will support approximately 40 megawatts of additional power generation. Meanwhile, BitNile.com, another subsidiary of Hyperscale Data, is seeking to list its $NILE coin on centralized digital asset exchanges. Currently, the $NILE coin, which has a market capitalization of about $103 million, is available only through decentralized exchanges. These recent developments showcase Hyperscale Data’s strategic moves in both the data center and digital asset sectors.
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