Hyperscale Data announces 35 consecutive monthly dividends for Series D Preferred Stock, reinforcing its commitment to stockholder value and growth.
Quiver AI Summary
Hyperscale Data, Inc. announced the successful payment of 35 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, highlighting the company's commitment to financial stability while transforming into a pure AI data center platform. The dividends, amounting to $0.2708333 per share monthly, demonstrate the firm's focus on operational performance and shareholder value. Milton “Todd” Ault III, the company's founder, reiterated their dedication to growth and service diversification, mentioning plans to divest their subsidiary Ault Capital Group by December 31, 2025, further solidifying their focus on high-performance computing services. The press release also includes a note about the issuance of Series F Exchangeable Preferred Stock to stockholders in relation to the upcoming divestiture process and underscores the importance of forward-looking statements in their financial communications.
Potential Positives
- The company has successfully paid 35 consecutive monthly cash dividends on its Series D Preferred Stock, demonstrating financial stability and commitment to returning value to shareholders.
- Hyperscale Data is transitioning to a pureplay artificial intelligence data center platform, which could position the company for growth in a rapidly expanding market.
- The upcoming divestiture of Ault Capital Group is designed to streamline the company's operations and focus on core competencies in data centers and high-performance computing services.
- The establishment of a licensed lending subsidiary and ongoing involvement in diverse industries suggests strategic diversification and potential for future revenue streams.
Potential Negatives
- The company is undergoing a significant divestiture, indicating a potential shift in business strategy that might raise concerns about its long-term stability and focus.
- The forward-looking statements suggest that the company's future performance is uncertain and highly dependent on various risk factors, which could deter investors.
- The reliance on dividends from preferred stock might signal potential cash flow issues, as the company emphasizes maintaining its credit profile while transforming its operational focus.
FAQ
What is the dividend rate for Hyperscale Data's Series D Preferred Stock?
The dividend rate for the Series D Preferred Stock is 13.00% per annum, equating to $0.2708333 per share monthly.
How long has Hyperscale Data paid cash dividends consecutively?
Hyperscale Data has successfully paid cash dividends for 35 consecutive months on its Series D Preferred Stock.
What is Hyperscale Data's focus moving forward?
The Company is focused on transforming into a pureplay artificial intelligence data center platform and enhancing operational performance.
When is the anticipated divestiture of Ault Capital Group?
The divestiture of Ault Capital Group is expected to occur on or about December 31, 2025.
How can investors access more information about Hyperscale Data?
Investors can access additional information through the Investor Relations section at hyperscaledata.com or on the SEC website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GPUS Insider Trading Activity
$GPUS insiders have traded $GPUS stock on the open market 8 times in the past 6 months. Of those trades, 7 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $GPUS stock by insiders over the last 6 months:
- MILTON C III AULT (Executive Chairman) has made 7 purchases buying 2,000 shares for an estimated $11,983 and 0 sales.
- WILLIAM B. HORNE (Chief Executive Officer) sold 2 shares for an estimated $10
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
LAS VEGAS, May 30, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“ Hyperscale Data ” or the “ Company ”), today announced that it has successfully paid 35 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “ Series D Preferred Stock ”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month.
Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “As we continue transforming Hyperscale Data into a pureplay artificial intelligence (“ AI ”) data center platform, we remain focused on operational performance, growth, and delivering value to our stockholders. The timely payment of 35 consecutive monthly cash dividends reflects the Company’s commitment to its overall credit profile and the long-term nature of the Series D Preferred Stock.”
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ ACG ”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “ Divestiture ”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “ Series F Preferred Stock ”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ ACG Shares ”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com .
Hyperscale Data Investor Contact:
[email protected]
or 1-888-753-2235