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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.
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