Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Acquires $5,052,818.26 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 10,311,874 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of $0.49 per share, with a total value of $5,052,818.26. Following the purchase, the chairman directly owned 13,925,566 shares in the company, valued at approximately $6,823,527.34. This trade represents a 285.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hyperscale Data Stock Up 3.2%

NYSEAMERICAN:GPUS opened at $0.16 on Thursday. The business’s fifty day moving average price is $0.52 and its 200 day moving average price is $0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data, Inc. has a 1-year low of $0.16 and a 1-year high of $3.65.

Hyperscale Data (NYSEAMERICAN:GPUS) last released its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $34.84 million for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

Hyperscale Data Company Profile

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.