Hyperscale Data Subsidiary Signs Contract to Sell St. Petersburg Development Property for $13.2 Million
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) ha annunciato che la sua sussidiaria, Third Avenue Apartments, ha firmato un Contratto di Acquisto e Vendita per vendere la sua proprietà di sviluppo a San Pietroburgo per 13,2 milioni di dollari a una grande società immobiliare con sede a New York. Questa decisione è in linea con gli sforzi di riorganizzazione dell'azienda e l'obiettivo di creare un business di data center puro. La vendita dovrebbe concludersi entro la fine dell'anno 2024, soggetta a due diligence.
Il CEO William Horne ha dichiarato che questa mossa riflette il loro impegno a riallineare strategicamente le risorse e migliorare le capacità fondamentali nelle operazioni dei data center. L'azienda è fiduciosa nelle capacità dell'acquirente di finalizzare la transazione e guarda con interesse allo sviluppo della proprietà e ai suoi contributi alla comunità di San Pietroburgo.
Hyperscale Data (NYSE American: GPUS) anunció que su subsidiaria, Third Avenue Apartments, ha firmado un Acuerdo de Compra y Venta para vender su propiedad de desarrollo en San Petersburgo por 13.2 millones de dólares a una gran firma inmobiliaria con sede en Nueva York. Esta decisión está alineada con los esfuerzos de reorganización de la empresa y su objetivo de crear un negocio dedicado exclusivamente a los centros de datos. Se espera que la venta se cierre para finales de 2024, sujeto a debida diligencia.
El CEO William Horne declaró que este movimiento refleja su compromiso de realinear estratégicamente los recursos y mejorar las capacidades centrales dentro de las operaciones del centro de datos. La empresa confía en la capacidad del comprador para cerrar la transacción y espera con interés el desarrollo de la propiedad y sus contribuciones a la comunidad de San Petersburgo.
하이퍼스케일 데이터 (NYSE American: GPUS)는 그 자회사인 제3 애비뉴 아파트가 세인트피터스버그 개발 부동산을 대규모 뉴욕 기반 부동산 회사에 1,320만 달러에 판매하기 위한 매매 계약을 체결했다고 발표했습니다. 이 결정은 회사의 구조조정 노력 및 데이터 센터 비즈니스에 전념하는 목표와 일치합니다. 판매는 2024년 말까지 마감될 것으로 예상되며, 적법한 조사에 따라 달라질 수 있습니다.
CEO 윌리엄 호른은 이 조치가 자원을 전략적으로 재배치하고 데이터 센터 운영 내 핵심 역량을 강화하려는 그들의 약속을 반영한다고 밝혔습니다. 회사는 구매자가 거래를 종료할 수 있는 능력에 대해 확신하고 있으며, 부동산 개발과 세인트피터스버그 지역 사회에 기여할 부분을 기대하고 있습니다.
Hyperscale Data (NYSE American: GPUS) a annoncé que sa filiale, Third Avenue Apartments, a signé un contrat d'achat et de vente pour vendre sa propriété de développement à Saint-Pétersbourg pour 13,2 millions de dollars à une grande société immobilière basée à New York. Cette décision s'inscrit dans les efforts de réorganisation de l'entreprise et son objectif de créer une activité de centre de données pur. La vente devrait se conclure d'ici fin 2024, sous réserve d'une due diligence.
Le PDG William Horne a déclaré que cette initiative reflète leur engagement à réaligner stratégiquement les ressources et à améliorer les capacités fondamentales au sein des opérations des centres de données. L'entreprise a confiance en la capacité de l'acheteur à conclure la transaction et se réjouit du développement de la propriété et de ses contributions à la communauté de Saint-Pétersbourg.
Hyperscale Data (NYSE American: GPUS) gab bekannt, dass ihre Tochtergesellschaft, Third Avenue Apartments, einen Kauf- und Verkaufsvertrag unterzeichnet hat, um ihre Entwicklungsimmobilie in St. Petersburg für 13,2 Millionen Dollar an ein großes Immobilienunternehmen mit Sitz in New York zu verkaufen. Diese Entscheidung steht im Einklang mit den Reorganisationsbemühungen des Unternehmens und dem Ziel, ein reines Geschäft mit Rechenzentren zu schaffen. Der Verkauf wird voraussichtlich bis Ende 2024 abgeschlossen, vorbehaltlich einer Due-Diligence-Prüfung.
Der CEO William Horne erklärte, dass dieser Schritt ihr Engagement widerspiegelt, Ressourcen strategisch neu auszurichten und die Kernkompetenzen im Bereich der Rechenzentrumsbetrieb zu verbessern. Das Unternehmen ist zuversichtlich, dass der Käufer in der Lage ist, die Transaktion abzuschließen, und freut sich auf die Entwicklung der Immobilie sowie deren Beiträge zur Gemeinschaft von St. Petersburg.
- Sale of St. Petersburg development property for $13.2 million
- Alignment with reorganization efforts to create a pure-play data center business
- Strategic realignment of resources to enhance core data center operations
- Sale is subject to due diligence and not guaranteed to close by December 31, 2024, or at all
Insights
The sale of the St. Petersburg development property for
However, investors should note that the deal is not guaranteed to close by the end of 2024, or at all, as it's subject to due diligence. The long timeline until potential closure (by year-end 2024) introduces uncertainty and may delay the realization of benefits from this strategic shift.
While the sale could provide a cash infusion to support data center operations, the impact on the company's overall financial position is unclear without more context on the property's book value and the company's current cash needs. Investors should closely monitor future updates on the closing of this PSA and how management plans to allocate the proceeds to support the core data center business.
“We are excited to have reached an agreement for the sale of our
The sale of the property is expected to close by year-end 2024, but the Company acknowledges that the sale is subject to the completion of due diligence by the purchaser and is not guaranteed to close by December 31, 2024, or at all. The Company will update stockholders upon the closing of the PSA. The Company is confident in the purchaser’s ability to close the transaction and looks forward to the ultimate development of the property and the contributions to the
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 https://hyperscaledata.com/ or available at www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides mission-critical products that support a diverse range of industries, including a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, hotel operations and textiles. 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,
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Hyperscale Data Investor Contact:
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Source: Hyperscale Data, Inc.
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