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Ault Alliance, Inc. (AULT) is a multifaceted holding company renowned for its diverse portfolio and strategic growth initiatives. The company specializes in acquiring undervalued assets, disruptive technologies, and sustainable solutions to foster long-term growth and returns for its investors. Ault Alliance operates across a broad spectrum of industries, including commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.
Ault Alliance is dedicated to innovation, investing through its subsidiaries in cutting-edge technologies and services. The company is a leader in supplying mission-critical products and solutions, supporting sectors like oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles.
One of the key operations of Ault Alliance is its data center, which focuses on Bitcoin mining, highlighting the company's engagement with modern and future-forward industries. The company’s structure is segmented into eight reportable divisions: Energy and Infrastructure; Technology and Finance; SMC; Sentinum, Inc.; GIGA; TurnOnGreen; ROI; and Ault Disruptive. Each segment is tasked with specific operational and strategic goals, contributing to the overarching aim of sustainable growth and market leadership.
Ault Alliance's recent achievements include expansions in their crypto-mining operations, significant technological advancements through their subsidiaries, and partnerships that have bolstered their market position in various industries. The company's financial condition remains strong, backed by a strategic approach to acquisitions and development, ensuring robust returns for investors.
Through a combination of strategic investments, innovative technologies, and a commitment to sustainable and impactful ventures, Ault Alliance, Inc. continues to be a significant player in multiple high-growth industries, providing substantial value to its stakeholders and maintaining a forward-looking approach to business development.
Hyperscale Data (NYSE American: GPUS) has announced a monthly cash dividend for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividend amount is $0.2708333 per share, with a record date of October 31, 2024, and a payment date of November 12, 2024. The company, a diversified holding firm, made this declaration through its Board of Directors. Hyperscale Data encourages stockholders, investors, and interested parties to review their public filings and press releases available on their website's Investor Relations section or at www.sec.gov for more comprehensive information about the company and its subsidiaries.
Hyperscale Data (NYSE American: GPUS) reports increased demand for its defense subsidiaries, Enertec Systems 2001 and Digital Power , amid the ongoing Middle East conflict. The surge in demand is attributed to governments and contractors seeking defense technologies and solutions, putting strain on inventory supplies and production schedules.
Executive Chairman Milton "Todd" Ault III highlighted the robust demand for power electronics business, emphasizing the critical need for advanced technological solutions in today's security landscape. The company is actively engaging with local and international partners to navigate current challenges and fulfill commitments.
Hyperscale Data recommends stakeholders refer to its public filings and press releases for more information on the company and its subsidiaries.
Hyperscale Data (NYSE American: GPUS) announced that its subsidiary, Third Avenue Apartments , has signed a Purchase and Sale Agreement to sell its St. Petersburg development property for $13.2 million to a large New York-based real estate firm. This decision aligns with the company's reorganization efforts and goal to create a pure-play data center business. The sale is expected to close by year-end 2024, subject to due diligence.
CEO William Horne stated that this move reflects their commitment to strategically realign resources and enhance core capabilities within data center operations. The company is confident in the purchaser's ability to close the transaction and looks forward to the property's development and its contributions to the St. Petersburg community.
Hyperscale Data (NYSE American: GPUS) has shared a letter from its CEO highlighting the potential of its Michigan data center amid the AI evolution. The facility, powered by nuclear and natural gas, is strategically positioned to become the company's most valuable asset. Hyperscale Data plans to expand its capacity from approximately 30 MW to 300 MW, subject to regulatory approvals and funding.
The company is positioning itself as a pure-play data center business, focusing on Michigan and Montana. It aims to generate long-term cash flow by securing a leading role in the AI data center sector. Hyperscale Data plans to distribute its non-core assets to stockholders via special distributions, including its crane rental, lending, defense, and hotel and real estate businesses.
Hyperscale Data (NYSE American: GPUS) has announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividend's record date is September 30, 2024, with a payment date of October 10, 2024. This announcement demonstrates the company's commitment to providing regular income to its preferred stockholders. Investors interested in more information about Hyperscale Data and its subsidiaries are encouraged to review the company's public filings and press releases available on their website or through the SEC.
Ault Alliance, Inc. (NYSE American: AULT) has announced its rebranding as Hyperscale Data, Inc., effective September 10, 2024. The company will trade under the new ticker symbol "GPUS". This strategic move aims to highlight the company's focus on enhancing its data center operations, particularly its Michigan AI data center. Hyperscale plans to expand this facility from approximately 30 megawatts to 300 megawatts, subject to regulatory approvals and securing adequate financing. The expansion aligns with industry expectations of increased data center power demand driven by AI advancements. Executive Chairman Milton "Todd" Ault III emphasized the company's goal to become a pure-play data center business to maximize stockholder returns.
Ault Alliance, Inc. (NYSE American: AULT) has announced a corporate name change to Hyperscale Data, Inc., effective September 10, 2024. The company's stock symbol will change from 'AULT' to 'GPUS', reflecting its strategic shift towards data center operations. Hyperscale will focus on expanding its Michigan AI data center from 30 MW to approximately 300 MW, subject to regulatory approvals and funding. This expansion aligns with the projected 160% increase in data center power demand driven by AI, according to a Goldman Sachs report. CEO Will Horne emphasized the company's commitment to scaling data center capabilities and serving growing client needs, particularly in AI infrastructure.
Ault Alliance (NYSE American: AULT) has announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividend's record date is set for August 31, 2024, with the payment date scheduled for September 10, 2024. This declaration demonstrates Ault Alliance's commitment to providing regular income to its preferred stockholders. The company, a diversified holding entity, encourages investors and interested parties to review its public filings and press releases for more comprehensive information about its operations and financial status.
Ault Alliance (NYSE American: AULT) reported Q2 2024 financial results, with revenue of $76.3 million for the six months ended June 30, 2024. The company plans to reorganize into two entities: Hyperscale Data, Inc. focusing on AI data centers and Bitcoin operations, and Ault Capital Group, Inc. (ACG) as a hybrid private equity company. Stockholders are expected to receive special dividends of ACG equity. Key highlights include:
- 27% increase in digital assets mining revenue
- 23% growth in hotel and real estate revenue
- 47% sales increase in Enertec Systems (defense segment)
- 54% growth in TurnOnGreen's EV charging sales
- $17 million reduction in G&A expenses
- 59% decrease in interest expenses
The company plans to change its name to Hyperscale Data, Inc. and ticker to GPUS in September 2024.
Ault Alliance (NYSE American: AULT) announced that its subsidiary Sentinum has mined 552 Bitcoin in 2024 and 2,894 Bitcoin since inception. The company plans to expand its data center operations, focusing on transforming its Michigan facility into a hyperscale data center. Ault Alliance intends to change its name to Hyperscale Data, Inc. and issue special dividends of stock in non-AI-related subsidiaries. The company aims to lease up to 30 MW of capacity in Michigan, with potential to expand to 300 MW. CEO Will Horne emphasized the significant future value in data center operations, while Executive Chairman Milton Ault III will focus on the spin-off subsidiaries.
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