{"id":796942,"date":"2024-12-26T06:33:07","date_gmt":"2024-12-26T11:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company\/"},"modified":"2024-12-26T06:33:07","modified_gmt":"2024-12-26T11:33:07","slug":"hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company\/","title":{"rendered":"Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault &amp; Company"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LAS VEGAS, Dec.  26, 2024  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MvoSLa0RdJ-p44BY3TZ25mYKru5_318w0rZMXr5aH6I0DqWabfIEqtY-P3Do4r-ha3Ixwnyb-TlA3geaSdd-igUkFxl2N0FLfz6qXlXQEgw=\" rel=\"nofollow\" target=\"_blank\">Hyperscale Data, Inc.<\/a>\u00a0(NYSE American: GPUS), a diversified holding company (\u201c<strong>Hyperscale Data<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d), today announced the completion of a $50 million preferred equity investment, whereby the Company sold that dollar amount through the issuance to Ault &amp; Company, Inc. (\u201c<strong>Ault and Company<\/strong>\u201d) of 50,000 shares of Series C Convertible Preferred Stock (the \u201c<strong>Series C Shares<\/strong>\u201d).\u00a0Ault &amp; Company\u00a0has invested $50 million through multiple closings over the past thirteen (13) months. This strategic influx of capital has enabled Hyperscale Data to accelerate its growth trajectory, enhance its technological offerings, and execute its business expansion plans more effectively, with a focus on becoming a pure AI data center company. The Company would like to remind its stockholders that on March 25, 2024, the Company and Ault and Company agreed to raise the aggregate offering of Series C Shares from $50 million to $75 million. This offering is continuing apace, but the Company cannot assure you when Ault and Company will complete the remaining purchases of $25 million in Series C Shares, if at all.<\/p>\n<p align=\"justify\">In addition to this significant investment, Hyperscale Data is strategically spinning out all of its non-data center and non-Bitcoin mining assets. This move is aimed at refining the Company\u2019s core focus and reinforcing its commitment to leading the AI-driven data center industry.<\/p>\n<p align=\"justify\">\u201cThe $50 million investment was critical for our transformation into a pure AI data center company,\u201d said Will Horne, CEO of Hyperscale Data. \u201cThis investment has propelled, and could continue to propel, our efforts to innovate and expand our capabilities at a significant pace, ultimately allowing us to serve our customers\u2019 needs with even greater agility and efficiency.\u201d<\/p>\n<p align=\"justify\">The substantial infusion of capital from Ault &amp; Company underscores the confidence and trust placed in Hyperscale Data\u2019s mission to redefine the digital landscape with cutting-edge solutions. This investment marks a significant milestone in Hyperscale Data\u2019s journey, supporting its commitment to deliver unparalleled services and products to its growing client base.<\/p>\n<p align=\"justify\">\u201cWe\u2019re excited to partner with Hyperscale Data, a company positioning itself at the forefront of the data center industry,\u201d said Milton \u201cTodd\u201d Ault III, CEO of Ault &amp; Company. \u201cWe recognize the enormous potential in leveraging Hyperscale Data\u2019s innovative technologies and are proud to support its vision as they transition into a pure play data center business.\u201d<\/p>\n<p align=\"justify\">The funds received from this investment, along with the previously announced additional $25 million investment, will be used for the expansion of the MI data center to implement infrastructure upgrades necessary to support the growing demands of high-performance computing services powering artificial intelligence solutions, repayment of outstanding indebtedness and general working capital purposes.<\/p>\n<p align=\"justify\">For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data\u2019s public filings and press releases available under the Investor Relations section at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kMywUliimLFSxP0OfunY_Vqnxb2UlHvokZfmY-ARdGBoL9UCOM3NH0TynXsX-f3SRZfT3Pxc6WNeFe0ke6nIZmQ5p0Nc07f6PsMTiziyQ14=\" rel=\"nofollow\" target=\"_blank\">hyperscaledata.com<\/a> or available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hQ019uUiJbN6_nok9YYagOvkB2481nDHmOTS9t_1f3RBiS5EEPxLi8ja-ISPDlGCkZVOGDC7Ng__h6InBXFaLw==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov.<\/a><\/p>\n<p align=\"justify\">\n        <strong>About Hyperscale Data, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense\/aerospace, industrial, automotive, medical\/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data\u2019s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains \u201cforward-looking statements\u201d 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 \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpotential,\u201d 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.<\/p>\n<p align=\"justify\">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\u2019s business and financial results are included in the Company\u2019s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company\u2019s Forms 10-K, 10-Q and 8-K. All filings are available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hQ019uUiJbN6_nok9YYagO8NKpQXMjkPEcYq5oBZmjQhxweNZ6O4uET-N0q-nM_FVyqzkUlC3n616Dp2I7XNvA==\" rel=\"nofollow\" target=\"_blank\"><u>www.sec.gov<\/u><\/a>and on the Company\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AZsNsxqxkSw3dupfbgGcWGAdkzxM1gZqSuB625ZPhR-Wt9TEM2tGsQDubo0aYqzlXly2WBKotdWf7H0uoJz6ktp1BQJ9HePq-zUoBY73E7k=\" rel=\"nofollow\" target=\"_blank\">www.hyperscaledata.com<\/a>.<\/p>\n<p>\n        <strong>Hyperscale Data Investor Contact:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=URcaFxpIuB8Ya1WgN4o3pNNSgRN_7CUszIMwE4k4o79NwiEpWDKU2niy9yVEsL1MN9h2rPUw8KUYFGpQaNlBHWZlIOaV2vJtjkBQ6AiXTww=\" rel=\"nofollow\" target=\"_blank\">IR@hyperscaledata.com<\/a> or 1-888-753-2235<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNDA5OSM2NjcxNDIwIzIwOTU5MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWZkZDZiNTktZjVkMS00MDRjLWE4ODItNWJjYzQ2Yjg4ZDg2LTExMDc0ODc=\/tiny\/Hyperscale-Data-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LAS VEGAS, Dec. 26, 2024 (GLOBE NEWSWIRE) &#8212; Hyperscale Data, Inc.\u00a0(NYSE American: GPUS), a diversified holding company (\u201cHyperscale Data\u201d or the \u201cCompany\u201d), today announced the completion of a $50 million preferred equity investment, whereby the Company sold that dollar amount through the issuance to Ault &amp; Company, Inc. (\u201cAult and Company\u201d) of 50,000 shares of Series C Convertible Preferred Stock (the \u201cSeries C Shares\u201d).\u00a0Ault &amp; Company\u00a0has invested $50 million through multiple closings over the past thirteen (13) months. This strategic influx of capital has enabled Hyperscale Data to accelerate its growth trajectory, enhance its technological offerings, and execute its business expansion plans more effectively, with a focus on becoming a pure AI data center company. The Company would like to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault &amp; Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796942","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault &amp; Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault &amp; Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LAS VEGAS, Dec. 26, 2024 (GLOBE NEWSWIRE) &#8212; Hyperscale Data, Inc.\u00a0(NYSE American: GPUS), a diversified holding company (\u201cHyperscale Data\u201d or the \u201cCompany\u201d), today announced the completion of a $50 million preferred equity investment, whereby the Company sold that dollar amount through the issuance to Ault &amp; Company, Inc. (\u201cAult and Company\u201d) of 50,000 shares of Series C Convertible Preferred Stock (the \u201cSeries C Shares\u201d).\u00a0Ault &amp; Company\u00a0has invested $50 million through multiple closings over the past thirteen (13) months. This strategic influx of capital has enabled Hyperscale Data to accelerate its growth trajectory, enhance its technological offerings, and execute its business expansion plans more effectively, with a focus on becoming a pure AI data center company. 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(\u201cAult and Company\u201d) of 50,000 shares of Series C Convertible Preferred Stock (the \u201cSeries C Shares\u201d).\u00a0Ault &amp; Company\u00a0has invested $50 million through multiple closings over the past thirteen (13) months. This strategic influx of capital has enabled Hyperscale Data to accelerate its growth trajectory, enhance its technological offerings, and execute its business expansion plans more effectively, with a focus on becoming a pure AI data center company. 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