Hyperscale Data Currently Mining Approximately $26 Million Annually
December 17 2024 - 5:30AM
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“
Hyperscale Data,” or the
“
Company”), today announced an update from its
wholly owned subsidiary Alliance Cloud Services, LLC
(“
ACS”). ACS mined approximately 20 Bitcoin during
November 2024 resulting in an annualized run rate of approximately
$26 million in gross Bitcoin mining revenue. This approximate gross
Bitcoin mining revenue figure is based upon a Bitcoin price of
$106,000.
Hyperscale Data Executive Chairman Milton “Todd”
Ault III stated, “We are extremely pleased with our current mining
operations in Michigan and will continue to refine our operations
to focus on efficiency. The recent increase in the price of Bitcoin
has outpaced the increase in the mining difficulty level. In fact,
during 2024 Bitcoin has appreciated approximately 140% whereas
mining difficulty has only increased approximately 51%. As a
result, we are now experiencing improving margins at ACS. Further,
at the current levels, we are mining more than three times the
current market cap of the Company on an annualized basis.”
Hyperscale Data notes that all estimates and
other projections are subject to the volatility in Bitcoin market
price, the fluctuation in the mining difficulty level, the ability
to provide the necessary power for miners, and other factors that
may impact the results of Bitcoin mining production or
operations.
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.
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 AI 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’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141.
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:IR@hyperscaledata.com or 1-888-753-2235
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