Hyperscale data enters into an agreement for up to $50 million in new equity financing to accelerate buildout of artificial intelligence data center in michigan

Las vegas, april 01, 2025 (globe newswire) -- hyperscale data, inc. (nyse american: gpus), a diversified holding company (“hyperscale data” or the “company”), today announced it has entered into an agreement for up to $50 million in new equity financing from a single, unaffiliated institutional investor (the “investor”). the investor has committed to purchasing up to 50,000 shares of newly designated series b convertible preferred stock (the “preferred transaction”). the capital from the preferred transaction will be used to accelerate the buildout of the company's state-of-the-art michigan data center, marking a major milestone in hyperscale data's previously announced growth plans.
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