Ault & Company announced that it had increased its controlling stake in Hyperscale Data, a diversified holding company transitioning to becoming solely an owner and operator of data centers to support high-performance computing services.
Hyperscale Data trades publicly on the NYSE American under the symbol GPUS. This deal reinforces Ault & Company’s commitment to investing in emerging technologies that shape the future of data infrastructure.
As of January 3, 2025, Ault & Company beneficially owned 13,900,765 shares of Hyperscale Data’s class A common stock, which represented 91.7%. This included 8,249 shares of Class A Common, 4,234,561 shares of Class A Common issuable upon conversion of Class B common stock, 9,140,771 shares issuable upon conversion of 50,000 shares of series C convertible preferred stock, 88,494 shares of Class A Common issuable upon conversion of 495 shares of Series G convertible preferred stock and 428,690 shares of Class A Common issuable upon exercise of outstanding warrants. This increased beneficial ownership included the receipt of Class B Common as a dividend to all stockholders of Hyperscale Data, as well as recent purchases of Preferred Shares through January 3, 2025.
The deal highlights Ault & Company’s active pursuit to enhance its portfolio with investments in high-potential technology-driven enterprises. Hyperscale Data is poised to broaden its service offerings under the strategic guidance of Ault & Company, focusing on delivering enhanced data solutions to businesses.
-KEY QUOTE:
“Increasing our majority stake in Hyperscale Data aligns with our strategic vision to expand our footprint in the data technology sector. We are excited to contribute to Hyperscale Data’s growth and leverage our resources to enhance their capabilities.”
– Milton C. Ault, III, Chief Executive Officer of Ault & Company
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