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Hyperscale Data, Inc. (NYSE:GPUS) announced Tuesday it has sold 4,000 shares of its Series H convertible preferred stock to Ault & Company, Inc., an affiliate of the company, for $4 million. The transaction was completed under a Securities Purchase Agreement originally signed on July 31, 2025.
According to a statement in a press release, this marks the first purchase of Series H convertible preferred stock by Ault & Company under the agreement, which allows for up to $100 million in total purchases of the preferred shares in one or more closings.
The shares were sold in a private placement relying on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. The company noted that the material terms of the agreement and the preferred stock were previously described in a Form 8-K filed on August 1, 2025.
Hyperscale Data is incorporated in Delaware and is based in Las Vegas, Nevada. Its Class A common stock and 13.00% Series D cumulative redeemable perpetual preferred stock are listed on the NYSE American under the symbols GPUS and GPUS PD, respectively.
This information is based on a statement in a press release and a filing with the Securities and Exchange Commission.
In other recent news, Hyperscale Data, Inc. announced an additional $4 million investment from Ault & Company, bringing their total investment to $55 million through preferred stock transactions. Hyperscale Data also launched a new at-the-market equity offering program for up to $125 million in common stock, with Wilson-Davis & Co., Inc. acting as the sales agent. Additionally, the company reaffirmed its full-year 2025 revenue guidance of $125 million to $135 million after receiving court approval for its defense affiliate’s reorganization plan. This affiliate, Gresham Worldwide, Inc., is expected to emerge from bankruptcy on October 1 and contribute approximately $40 million in annualized revenue. Hyperscale Data has also announced a strategic shift to retain all Bitcoin mined through its operations, focusing on AI data centers and digital asset accumulation. The company mines about 190 Bitcoin annually and plans to publish weekly reports on its digital asset holdings. These developments reflect ongoing strategic and financial adjustments at Hyperscale Data, impacting its operations and future revenue streams.
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