Hyperscale Data Announces Twenty-Eight Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Preferred Stock

Rhea-AI Summary

Hyperscale Data (NYSE American: GPUS) has announced the successful payment of twenty-eight consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividends are cumulative and payable at a rate of 13.00% per annum per $25.00 of stated liquidation preference per share, equating to $0.2708333 per share monthly.

Milton "Todd" Ault III, Founder and Executive Chairman, expressed satisfaction with the company's progress and commitment to the Series D Preferred Stock dividend. He emphasized the company's dedication to the long-term nature of the dividend and efforts to enhance its credit profile as it transitions into a pure-play data center business.

Positive

• Consistent payment of 28 consecutive monthly cash dividends
• High dividend yield of 13.00% per annum for Series D Preferred Stock
• Company's commitment to long-term dividend sustainability
• Transition towards becoming a pure-play data center business

Negative

• None.

LAS VEGAS, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it has successfully paid twenty-eight consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month.

Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “We could not be happier with the Company’s progress and its commitment to the strength of the Series D Preferred Stock dividend. The Company remains committed to the long-term nature of the dividend and will continue to work towards enhancing the Company’s credit profile which should ultimately assist the Company as it transitions into a pure-play data center business.”

Link to NYSE quote for the Company’s 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:GPUSpD

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 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, Las Vegas, NV 89141; Hyperscale Data, Inc.

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 www.hyperscaledata.com.

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

FAQ

What is the dividend rate for Hyperscale Data's Series D Preferred Stock (GPUS)?

The dividend rate for Hyperscale Data's Series D Preferred Stock is 13.00% per annum per $25.00 of stated liquidation preference per share, which equates to $0.2708333 per share monthly.

How many consecutive monthly dividends has Hyperscale Data (GPUS) paid for its Series D Preferred Stock?

Hyperscale Data has successfully paid twenty-eight consecutive monthly cash dividends for its Series D Preferred Stock.

What is Hyperscale Data's (GPUS) future business focus according to the press release?

According to the press release, Hyperscale Data is transitioning into a pure-play data center business.

Who is the Founder and Executive Chairman of Hyperscale Data (GPUS)?

Milton "Todd" Ault III is the Founder and Executive Chairman of Hyperscale Data.