Key Points
- Chairman Milton Ault III bought 10.31 million Hyperscale Data shares at an average price of $0.49, investing approximately $5.05 million and increasing his ownership by 285.36% to 13.93 million shares.
- GPUS shares opened at $0.16, near their one-year low of $0.16 and well below the 50-day and 200-day moving averages of $0.51 and $0.71, respectively.
- The company reported quarterly revenue of $34.84 million and a loss of $0.25 per share, alongside a negative net margin of 71.03% and negative return on equity of 97.52%.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) Chairman Milton Ault III purchased 10,311,874 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $0.49 per share, with a total value of $5,052,818.26. Following the purchase, the chairman owned 13,925,566 shares in the company, valued at approximately $6,823,527.34. This represents a 285.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Hyperscale Data Trading Down 0.1%
Shares of NYSEAMERICAN:GPUS opened at $0.16 on Friday. The company's fifty day moving average price is $0.51 and its 200-day moving average price is $0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data, Inc. has a one year low of $0.16 and a one year high of $3.65.
Hyperscale Data (NYSEAMERICAN:GPUS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The company had revenue of $34.84 million for the quarter.
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.
Further Reading
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