Hyperscale Data Announces 19.2 Bitcoin Mined in January 2025
07 Febbraio 2025 - 12:30PM
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“
Hyperscale Data” or the
“
Company”), today announced that its wholly owned
subsidiary Sentinum, Inc. (“
Sentinum”) mined
approximately 19.2 Bitcoin in the month of January 2025, which were
mined at the Company’s data center in Michigan (the “
Data
Center”). The January monthly mining run rate of
approximately $1.9 million in Bitcoin mining revenue is based upon
a current Bitcoin price of approximately $97,000.
Milton “Todd” Ault III, Executive Chairman of
Hyperscale Data, stated, “We are transitioning to becoming a
provider of high-performance computing (“HPC”)
services powering AI solutions, which we believe holds greater
promise in the foreseeable future, and we expect the transition
will be completed at the end of September 2025. In the meantime, we
remain confident in our mining operations and maintain our
medium-term view on Bitcoin as an appreciating asset that supports
the Company’s overall capital allocation strategy. We also expect
to bring Bitcoin mining machines back online at our Montana
location by the end of March, which will bolster our mining
activities. Assuming Bitcoin maintains its current price of
approximately $97,000, and that the Company has fully transitioned
the Data Center’s existing power capacity of 30MW from self-mining
of Bitcoin to HPC services in September of this year, we anticipate
generating approximately $20 million in Bitcoin mining revenue in
2025. If our transition to HPC services is delayed, then we would
realize additional revenue from our Bitcoin operations.”
Hyperscale Data notes that all estimates and
other projections are subject to the volatility in Bitcoin market
price, the fluctuation in the mining difficulty level, the ability
to build out and provide the necessary power for miners, and other
factors that may impact the results of Bitcoin mining production or
operations.
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 hyperscaledata.com or available at
www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data is transitioning from a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact to becoming solely an owner and operator of data centers to
support high performance computing services. Through its wholly and
majority-owned subsidiaries and strategic investments, Hyperscale
Data owns and operates a data center at which it mines digital
assets and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries. It also
provides, through its wholly owned subsidiary, Ault Capital Group,
Inc., mission-critical products that support a diverse range of
industries, including an artificial intelligence software platform,
social gaming platform, equipment rental services,
defense/aerospace, industrial, automotive, medical/biopharma and
hotel operations. 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.
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
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