$GPUS

4 stories mentioning GPUSUpdated just now

Every FINWIRES story that references GPUS, newest first.

Hyperscale Data Receives Utility Determination for Up to 125 MW Additional Power at Montana Site

Hyperscale Data (GPUS) said its BNI Montana subsidiary received a "will serve" letter from the Lower Yellowstone Rural Electric Cooperative for up to 125 megawatts of additional power at one of its Montana facilities following completion of a load study.The Montana facility currently operates about 10 MW supporting Bitcoin mining.The additional capacity is subject to engineering studies, transmission and distribution upgrades, interconnection requirements, regulatory approvals and other conditions. The company said one required transmission line is already being pursued with a current completion timeframe of 2031.Hyperscale Data said it will proceed with the next phase of development evaluation for the site, adding that it sees the Montana facility as a potential location for Bitcoin mining, AI computing, cloud infrastructure and other high-performance computing applications.The company said the Montana initiative is separate from a previously announced Michigan AI data center agreement that could represent up to $3 billion in potential value over 20 years.Price: $0.19, Change: $-0.07, Percent Change: -26.87%

$GPUS

Wire13d ago

Hyperscale Data Enters Funding Deal With Yorkville

Hyperscale Data (GPUS) said Thursday it entered into a pre-paid advance agreement with investment firm Yorkville.Yorkville will deliver a roughly $16 million principal advance at a discounted commitment value of around $15 million, and carries a 4% annual interest rate, the company said.The company will use the capital to build out its data center campus in Michigan and fund general corporate needs, Hyperscale Data said.Shares of the company were down 7% in Thursday trading.Price: $0.16, Change: $-0.01, Percent Change: -7.15%

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Equities23d ago

Hyperscale Data Unit Selects Wyoming Reserve to Store Growing Precious Metals Holdings

Hyperscale Data (GPUS) said Monday that its subsidiary Ault Global Commodities selected The Wyoming Reserve to provide secure storage and vaulting services for its physical precious metals holdings.The company said the partnership will support AGC's treasury strategy, which currently includes 10,000 ounces of 0.999 fine silver acquired through a partnership with Scottsdale Mint.According to the company, the metals will be stored in The Wyoming Reserve's Class 3 vault facility in Casper, Wyoming, featuring segregated custody, dedicated storage and around-the-clock monitoring.

$GPUS

Wire40d ago

Hyperscale Data Plans Tender Offer for Up to $5 Million of Shares

Hyperscale Data (GPUS) said Friday it plans to launch a tender offer to purchase up to $5 million of its stock at a price of $0.21 per share after filing its quarterly report.The company said the move is intended to bridge the gap between its current market value and balance sheet strength.Hyperscale Data said it intends to finance the proposed offer through existing cash on hand.Shares fell 3.2% in Friday trading.

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