Hyperscale Data Unveils 10% Special Dividend Plan, Pivots to AI Computing Services

11/06/2024 – 06:30 AM

All Frequent and Collection C Convertible Most well-liked Stockholders to Obtain Deliberate Dividend

LAS VEGAS, Nov. 06, 2024 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding firm (“Hyperscale Information,” or the “Firm”), at the moment introduced that it plans to concern a particular one-time dividend of a newly designated 10% Collection E Cumulative Redeemable Perpetual Most well-liked Inventory (the “Collection E Most well-liked Inventory”) to all frequent stockholders and holders of the Collection C Convertible Most well-liked on an as-converted foundation. The Collection E Most well-liked Inventory is anticipated to have a $25 said worth per share and pay a month-to-month money dividend at a 10% annualized price. Any such particular dividend will probably be topic to numerous regulatory necessities and approvals, together with however not restricted to board approval, NYSE American approval, compliance with relevant legislation and rules in addition to market situations, amongst different issues. There could be no assurance that the Firm will be capable to get hold of the required approvals. The Firm will present additional data, together with any document and dividend dates, as soon as the Firm receives the required board and regulatory approvals to concern the particular dividend.

Hyperscale Information Government Chairman, Milton “Todd” Ault III, said, “For the previous few years, the Firm has explored alternatives to concern a Bitcoin dividend. We’ve got come to the conclusion that, attributable to quite a lot of circumstances, we’re unable to concern a Bitcoin dividend. Nevertheless, we nonetheless wish to reward stockholders for his or her loyalty and dedication to the Firm. I’m excited that this dividend would signify roughly 16% of the face worth of the Bitcoin we now have mined since early 2021.”

Hyperscale Information CEO, William Horne, said, “As we proceed the transition of our information heart operations from what has primarily been Bitcoin mining centric operations to colocation and internet hosting companies for the rising synthetic intelligence and high-performance computing sectors, it was essential to comply with by means of with the dedication we made to our shareholders. Though the type of the dividend has modified from what we had initially desired, the financial substance stays the identical. As such, we’re thrilled to reward stockholders with a considerable particular dividend that demonstrates our confidence in the way forward for the Firm and its route inside the information heart house.”

The Firm will proceed to replace stockholders within the coming weeks with extra particulars in regards to the particular dividend as developments so warrant.

For extra data on Hyperscale Information and its subsidiaries, Hyperscale Information recommends that stockholders, buyers, and another events learn Hyperscale Information’s public filings and press releases accessible underneath the Investor Relations part at https://hyperscaledata.com/ or accessible at www.sec.gov.

About Hyperscale Information, Inc.

Hyperscale Information is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a world impression. By means of its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Information owns and operates a knowledge heart at which it mines Bitcoin and provides colocation and internet hosting companies for the rising synthetic intelligence ecosystems and different industries. It additionally supplies mission-critical merchandise that assist a various vary of industries, together with a social gaming platform, tools rental companies, protection/aerospace, industrial, automotive, medical/biopharma, lodge operations and textiles. As well as, Hyperscale Information is actively engaged in non-public credit score and structured finance by means of a licensed lending subsidiary. Hyperscale Information’s headquarters are positioned at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data, Inc.

Ahead-Trying Statements

This press launch incorporates “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These forward-looking statements usually embrace statements which might be predictive in nature and depend on or check with future occasions or situations, and embrace phrases equivalent to “believes,” “plans,” “anticipates,” “initiatives,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “could,” “will,” “ought to,” “might,” “potential,” or related expressions. Statements that aren’t historic information are forward-looking statements. Ahead-looking statements are primarily based on present beliefs and assumptions which might be topic to dangers and uncertainties.

Ahead-looking statements converse solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of recent data or future occasions. Precise outcomes might differ materially from these contained in any forward-looking assertion because of varied elements. Extra data, together with potential threat elements, that would have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the U.S. Securities and Change Fee, together with, however not restricted to, the Firm’s Varieties 10-Okay, 10-Q and 8- Okay. All filings can be found at www.sec.gov and on the Firm’s web site at www.hyperscaledata.com.

Hyperscale Information Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235