Hyperscale Data Plans to Issue a $16.25 Million Stated Value Special Dividend of 10% Series E Cumulative Redeemable Perpetual Preferred Stock
Hyperscale Data (NYSE American: GPUS) announced plans to issue a special one-time dividend of 10% Series E Cumulative Redeemable Perpetual Preferred Stock to common stockholders and Series C Convertible Preferred holders. The Series E Preferred Stock will have a $25 stated value per share with a monthly cash dividend at a 10% annualized rate, totaling $16.25 million in stated value. The dividend represents approximately 16% of the face value of Bitcoin mined since early 2021. The issuance is subject to regulatory approvals, board approval, and market conditions. This comes as the company transitions from Bitcoin mining to colocation and hosting services for AI and high-performance computing sectors.
Hyperscale Data (NYSE American: GPUS) ha annunciato piani per emettere un dividendo speciale una tantum pari al 10% delle Azioni Preferenziali Cumulative Riscattabili Perpetue di Serie E per gli azionisti ordinari e i possessori di Azioni Preferenziali Convertibili di Serie C. Le Azioni Preferenziali di Serie E avranno un valore nominale di $25 per azione con un dividendo in contante mensile a un tasso annualizzato del 10%, per un totale di 16,25 milioni di dollari in valore nominale. Il dividendo rappresenta circa il 16% del valore nominale del Bitcoin estratto dal inizio del 2021. L'emissione è soggetta ad approvazioni normative, approvazione del consiglio e condizioni di mercato. Questo avviene mentre la società passa dall'estrazione di Bitcoin ai servizi di colocation e hosting per i settori dell'IA e del calcolo ad alte prestazioni.
Hyperscale Data (NYSE American: GPUS) anunció planes para emitir un dividendo especial único del 10% de las Acciones Preferenciales Cumulativas Riscatables Perpetuas de Serie E a los accionistas ordinarios y a los tenedores de Acciones Preferenciales Convertibles de Serie C. Las Acciones Preferenciales de Serie E tendrán un valor nominal de $25 por acción con un dividendo en efectivo mensual a una tasa anualizada del 10%, totalizando 16.25 millones de dólares en valor nominal. El dividendo representa aproximadamente el 16% del valor nominal del Bitcoin extraído desde principios de 2021. La emisión está sujeta a aprobaciones regulatorias, aprobación del consejo y condiciones del mercado. Esto ocurre mientras la empresa transpasa de la minería de Bitcoin a servicios de colocation y hosting para los sectores de IA y computación de alto rendimiento.
하이퍼스케일 데이터 (NYSE American: GPUS)는 보통주 주주와 시리즈 C 전환 우선주 보유자에게 10%의 E 시리즈 누적 환매 영구 우선주 특별 일회성 배당금을 지급할 계획을 발표했습니다. E 시리즈 우선주는 주당 $25의 정해진 가치를 가지며, 연 10%의 비율로 월간 현금 배당금이 지급되어 총 1,625만 달러의 정해진 가치를 가집니다. 이 배당금은 2021년 초 이래로 채굴된 비트코인의 명목 가치의 약 16%에 해당합니다. 이 발행은 규제 승인, 이사회 승인 및 시장 조건에 따라 달라집니다. 이는 회사가 비트코인 채굴에서 AI 및 고성능 컴퓨팅 분야를 위한 콜로케이션 및 호스팅 서비스로 전환하면서 일어나는 일입니다.
Hyperscale Data (NYSE American: GPUS) a annoncé son projet d'émettre un dividende spécial unique de 10% d'actions privilégiées cumulatives rachetables perpétuelles de la série E pour les actionnaires ordinaires et les détenteurs d'actions privilégiées convertibles de la série C. Les actions privilégiées de la série E auront une valeur nominale de 25 $ par action avec un dividende en espèces mensuel à un taux annualisé de 10%, totalisant 16,25 millions de dollars en valeur nominale. Le dividende représente environ 16% de la valeur nominale du Bitcoin miné depuis début 2021. L'émission est soumise à des approbations réglementaires, à l'approbation du conseil et aux conditions du marché. Cela survient alors que l'entreprise fait la transition de l'exploitation minière du Bitcoin vers des services de colocation et d'hébergement pour les secteurs de l'IA et de l'informatique haute performance.
Hyperscale Data (NYSE American: GPUS) gab bekannt, einen einmaligen Sonderdividende von 10% auf die Cumulativen Einlösbaren Dauerpreferenzaktien der Serie E an die Stammaktionäre und die Inhaber der Wandelschuldverschreibungen der Serie C herauszugeben. Die bevorzugten Aktien der Serie E werden einen nennwert von 25 $ pro Aktie haben, mit einer monatlichen Bar-Dividende zu einem annualisierten Satz von 10%, was insgesamt 16,25 Millionen Dollar an Nennwert ergibt. Die Dividende entspricht ungefähr 16% des Nennwerts des seit Anfang 2021 abgebauten Bitcoins. Die Ausgabe unterliegt den Genehmigungen der Regulierungsbehörden, dem Vorstand und den Marktbedingungen. Dies geschieht, während das Unternehmen von der Bitcoin-Mining auf Colocation- und Hosting-Dienste für KI- und Hochleistungs-Computing-Bereiche umschaltet.
- Planned special dividend with $25 stated value per share and 10% annualized rate
- Total dividend stated value of $16.25 million
- Strategic transition from Bitcoin mining to AI and high-performance computing services
- Monthly cash dividend payments planned
- Dividend issuance subject to multiple regulatory approvals and conditions
- Unable to proceed with originally planned Bitcoin dividend
- Shift away from Bitcoin mining operations indicates business model change
All Common and Series C Convertible Preferred Stockholders to Receive Planned Dividend
LAS VEGAS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), today announced that it plans to issue a special one-time dividend of a newly designated
Hyperscale Data Executive Chairman, Milton “Todd” Ault III, stated, “For the past few years, the Company has explored opportunities to issue a Bitcoin dividend. We have come to the conclusion that, due to a number of circumstances, we are unable to issue a Bitcoin dividend. However, we still want to reward stockholders for their loyalty and commitment to the Company. I am excited that this dividend would represent approximately
Hyperscale Data CEO, William Horne, stated, “As we continue the transition of our data center operations from what has primarily been Bitcoin mining centric operations to colocation and hosting services for the emerging artificial intelligence and high-performance computing sectors, it was important to follow through with the commitment we made to our shareholders. Although the form of the dividend has changed from what we had originally desired, the economic substance remains the same. As such, we are thrilled to reward stockholders with a substantial special dividend that demonstrates our confidence in the future of the Company and its direction within the data center space.”
The Company will continue to update stockholders in the coming weeks with additional details about the special dividend as developments so warrant.
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 value of Hyperscale Data's (GPUS) planned special dividend?
What is the dividend rate for Hyperscale Data's (GPUS) Series E Preferred Stock?
Who is eligible for Hyperscale Data's (GPUS) special dividend?
Why did Hyperscale Data (GPUS) change from a Bitcoin dividend to preferred stock?
