Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Purchases $5,052,818.26 in Stock

by · The Markets Daily

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) Chairman Milton Ault III bought 10,311,874 shares of Hyperscale Data stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of $0.49 per share, with a total value of $5,052,818.26. Following the completion of the purchase, the chairman directly owned 13,925,566 shares in the company, valued at $6,823,527.34. This trade represents a 285.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Stock Performance

Shares of GPUS stock opened at $0.17 on Friday. Hyperscale Data, Inc. has a 52 week low of $0.16 and a 52 week high of $3.65. The company has a 50-day simple moving average of $0.50 and a 200 day simple moving average of $0.70. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29.

Hyperscale Data (NYSEAMERICAN:GPUS – Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $34.84 million for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.

Hyperscale Data Company Profile

(Get Free Report)

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.

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