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Ault & Company, Inc. ("Ault & Company"), a private holding company controlled by Milton "Todd" Ault III, today announced that Ault & Company has invested $55 million of capital directly into Hyperscale Data, Inc., an NYSE American listed company ("Hyperscale Data"), through the purchase of convertible preferred stock. Such figure doesn't include funds expended by Ault & Company or any of its affiliates in purchasing Hyperscale Data common stock in open market purchases.
Hyperscale Data management said Bitcoin mining and AI infrastructure require different capital strategies and priorities.
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Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company anchored by Bitcoin ("Hyperscale Data" or the "Company"), provided an update on the continued development of its Michigan AI data center (the "Michigan Facility") operated by Alliance Cloud Services, LLC, an indirect wholly owned subsidiary of the Company ("ACS").
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