Hyperscale Data Inc. Stock Price, News & Analysis

Hyperscale Data (NYSE American: GPUS) has announced two dividend-related decisions for its preferred stock series. The Board declared a monthly cash dividend of $0.2708333 per share for the 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of April 30, 2025, and payment date of May 12, 2025.

Additionally, for the 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock, the company will pay the previously deferred March dividend of $0.20833 per share on May 12, 2025. However, the Board has elected to defer the April 2025 monthly dividend for Series E. The company notes that it can defer up to 12 consecutive monthly payments for Series E without considering them missed, as these are cumulative dividends that accrue for future payment.

Hyperscale Data (NYSE American: GPUS) has reported its Bitcoin mining performance through its subsidiary Sentinum. The company mined 56 Bitcoin in Q1 2025 (January to March), bringing its total to 3,061 Bitcoin mined since operations began in March 2021.

CEO William B. Horne highlighted the efficiency of Sentinum's mining operations and announced plans to relocate the majority of their Bitcoin mining operations alongside the development of their Michigan Data Center. The company commits to providing ongoing updates to stockholders regarding this transition.

Hyperscale Data (NYSE: GPUS) has secured up to $50 million in new equity financing through an agreement with an unaffiliated institutional investor. The deal involves the purchase of up to 50,000 shares of Series B Convertible Preferred Stock through monthly closings of minimum $1 million each.

The capital will accelerate the construction of the company's Michigan data center, which is being developed as a hyperscale-ready campus targeting enterprise, artificial intelligence (AI), and high-performance computing cloud providers. The facility will feature advanced cooling technologies, robust power infrastructure, and focus on sustainable operations.

The expansion of power capacity at the Michigan facility will commence in the coming months, with regular stockholder updates planned on the buildout progress.

Hyperscale Data (NYSE: GPUS) announced it expects to recognize a one-time gain of approximately $17.5 million in Q1 2025 due to the deconsolidation of Avalanche International. The deconsolidation will result in the elimination of $17.5 million in current liabilities, significantly improving the company's working capital and stockholders' equity.

CEO William B. Horne emphasized that this development will help strengthen the company's position as a publicly listed entity on the NYSE American. The company plans to provide updates on additional structural changes in the coming months.

Hyperscale Data (NYSE: GPUS) has announced the successful completion of its first Nvidia GPU installation for a Silicon Valley-based cloud services provider at its Michigan data center. This deployment is part of the company's strategic transformation into an AI and high-performance computing (HPC) facility.

The Michigan data center currently operates at 28 megawatts with plans to expand to 340 megawatts over the next several years to accommodate advanced AI and HPC workloads. CEO William B. Horne highlighted this achievement as a significant step in the company's transition to becoming a pure play data center business focused on serving the AI industry's evolving needs.

Hyperscale Data (NYSE American: GPUS) has announced two significant dividend declarations. The Board approved a monthly cash dividend of $0.2708333 per share for the 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of March 31, 2025, and payment date of April 10, 2025.

Additionally, the company declared a previously deferred dividend of $0.20833 per share for the 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock for February 2025. However, the Board has elected to defer the March 2025 dividend payment for Series E Preferred Stock. Under the certificate of designations, the company can defer up to 12 consecutive monthly dividend payments for Series E Preferred Stock, with such deferrals not considered missed as they accrue for future payment.

Hyperscale Data (NYSE American: GPUS) has received a listing extension from the NYSE American until June 18, 2026 based on its submitted compliance plan. The extension allows the company time to meet the NYSE American Company Guide requirements, specifically achieving stockholders' equity of $6.0 million or more to address Sections 1003(a)(ii) and (iii) of the Listing Standards.

During this extension period, the company will undergo periodic NYSE reviews. The company faces potential delisting if it fails to make progress according to the plan or doesn't regain compliance by the extension deadline.

Hyperscale Data (NYSE: GPUS) reported preliminary unaudited financial results for 2024, with total revenue of $108.8 million and pro forma revenue of $150.4 million including Giga-tronics.

Revenue breakdown:

• Sentinum: $30.6M from crypto mining, $0.9M from real estate leases
• Ault Capital Group (ACG): $77.3M from energy, fintech, hotels, and tech investments
• Giga-tronics (deconsolidated): $41.6M from defense operations

The company is transforming into a pure-play AI data center operator by end-2025, planning to divest ACG. Their 34.5-acre Michigan data center facility aims to increase power capacity from 30MW to 340MW, focusing on high-performance computing and AI infrastructure. Giga-tronics filed for Chapter 11 bankruptcy in August 2024, with potential reconsolidation pending successful restructuring.

Hyperscale Data (NYSE: GPUS) announced that its subsidiary Alliance Cloud Services (ACS) has reached an agreement to add 40 megawatts (MW) of power capacity to its Michigan data center through natural gas utility. This expansion would increase the facility's total power capacity from 30 MW to 340 MW, building upon the previously announced 300 MW expansion.

The new 40 MW natural gas-powered addition is expected to be completed within 18 months of finalizing definitive agreements and will be delivered faster than the main grid utility expansion. The company is also exploring options for an additional 85 MW capability.

This expansion aims to meet the growing demand for high-performance computing (HPC) services supporting AI infrastructure. The project faces various risks including funding requirements, regulatory approvals, and potential delays.