Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault & Company

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Hyperscale Data Completes $50 Million of the Aggregate $75 Million Preferred Equity Investment from Ault & Company

//business-finance.news-articles.net/content/202 .. eferred-equity-investment-from-ault-company.html

Published in Business and Finance on Thursday, December 26th 2024 at 7:00 GMT by manilatimes
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

In addition to this significant investment, Hyperscale Data is strategically spinning out all of its non-data center and non-Bitcoin mining assets. This move is aimed at refining the Company's core focus and reinforcing its commitment to leading the AI-driven data center industry.

Hyperscale Data Centers Inc. has successfully completed a $50 million portion of a $75 million preferred equity investment from Ault & Company, Inc. This investment is aimed at supporting Hyperscale's expansion and development of data center infrastructure. The transaction underscores Ault & Company's confidence in Hyperscale's business model and growth potential in the data center industry. The funds are expected to be utilized for enhancing Hyperscale's capabilities in providing high-density, high-efficiency data center solutions to meet the increasing demand for cloud computing, AI, and other data-intensive applications.

Read the Full manilatimes Article at:
[ https://www.manilatimes.net/2024/12/26/tmt-newswire/globenewswire/hyperscale-data-completes-50-million-of-the-aggregate-75-million-preferred-equity-investment-from-ault-company/2027535 ]

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