Hyperscale Data Emphasizes the Potential of Its Data Center
Business
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“Hyperscale Data,” or the
“Company”), today shared a letter from its Chief Executive
Officer to its stockholders.
Dear Stockholders,
I hope this message finds you well. I am pleased to share
developments that underscore the potential of our Michigan data
center amidst the ongoing artificial intelligence (“AI”)
evolution. We believe that our Michigan data center is an
exceptional property, with 14 acres under roof and an additional 20
open acres for potential future development. This facility is
powered by both nuclear and natural gas, providing clean power with
a reduced environmental impact. With multiple fiber providers
servicing the building and an infrastructure poised for expansion,
we believe that our Michigan data center is strategically
positioned to become our most valuable asset.
The market for AI data centers is flourishing, bolstered by
rapid advancements and demand for technologies like NVIDIA’s AI
hardware powering large-language models, such as ChatGPT and
Claude. We have seen recent transactions, such as Core Scientific,
Inc. securing a hosting contract to deliver about 382 megawatts
(“MW”) of infrastructure to the AI company CoreWeave,
reflecting the burgeoning demand and significant stakes at play.
Further supporting our enthusiasm, a recent Goldman Sachs report
indicates that global data center power demand is expected to more
than double by 2030 due to AI. This prospective explosion in demand
could represent a prime opportunity for us to lead and benefit from
this transformative period. As the AI landscape expands, we are
positioning our Michigan facility to service the data
infrastructure industry and accommodate these cutting-edge
developments.
We have received inquiries from a wide range of companies, from
innovative AI startups to Fortune 25 industry leaders, that are
interested in exploring our Michigan facility. We are engaged in
multiple discussions with potential AI companies, many of which are
interested in leasing the entire data center to support their
expanding AI operations.
Recently, industry leader Core Scientific secured a hosting
contract to deliver about 382 megawatts (“MW”) of
infrastructure to CoreWeave, with projected cumulative revenue of
approximately $6.7 billion, reflecting the burgeoning demand and
significant stakes at play. We are excited about replicating such
success with our Michigan facility, which we believe will soon
house a major AI tenant. Inquiries for our Michigan facility span
top-tier companies looking to establish long-term leases,
leveraging the site’s potential to support AI advancements.
Hyperscale will focus on building out its Michigan AI data
center, with plans to expand its capacity from the current
approximately 30 MW to approximately 300 MW, subject to the
Company’s receipt of state regulatory approvals and adequate
funding, which it may or may not obtain.
Hyperscale is positioning to be a pure-play data center
business, with its focal points in Michigan and Montana. This would
allow us to concentrate on maximizing the potential of our data
centers. We aim to generate substantial long-term cash flow by
securing a leading role within the AI data center sector.
Additionally, our name and symbol change underscore our strategic
focus and determination to leverage our robust infrastructure and
prime location in Michigan as a key driver for growth.
As part of this commitment, we plan to distribute our remaining
non-core assets to stockholders via one or more special
distributions. This includes our crane rental business, lending
business, defense business and hotel and real estate business. We
are diligently working to ensure this distribution is executed
efficiently, to maximize value for our stockholders. The Company
anticipates providing an update on its progress made in
October.
I am optimistic about the future and remain committed to
maximizing stockholder value. We appreciate your continued support
as we forge ahead in this promising landscape.
Warm regards,
William B. Horne
Chief Executive Officer, Hyperscale Data
Please note that the terms of any special dividend, including
the timing of the issuance of any such dividends, are not provided
within this press release. Stockholders should refer to the
Company’s official announcements, as and when announced. Any such
special dividends will be subject to various regulatory
requirements and approvals, including but not limited to board
approval, NYSE American approval, NYSE American rules and
regulations, the potential requirement to file one or more
registration statements with the Securities and Exchange
Commission, the availability of requisite financing and market
conditions, among other matters. There are no assurances that the
Company will be able to obtain the necessary financing, approvals
or be able to comply with the required corporate governance
requirements. The Company will provide further information as
developments so warrant.
This press release is for informational purposes only and
neither does nor shall constitute an offer to sell, nor the
solicitation of an offer to purchase, shares of the Company’s
common stock or any other securities of the Company. No
distribution will be made to any person in any jurisdiction in
which such offer, solicitation or sale is unlawful. Any
distribution of securities will be made only in compliance with all
applicable rules and regulations.
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
https://hyperscaledata.com/ or available at www.sec.gov.
About Hyperscale Data
Hyperscale Data is a diversified holding company pursuing growth
by acquiring undervalued businesses and disruptive technologies
with a global impact. Through its wholly and majority-owned
subsidiaries and strategic investments, Hyperscale Data owns and
operates a data center at which it mines Bitcoin and offers
colocation and hosting services for the emerging artificial
intelligence ecosystems and other industries. It also provides
mission-critical products that support a diverse range of
industries, including a social gaming platform, equipment rental
services, defense/aerospace, industrial, automotive,
medical/biopharma, hotel operations and textiles. 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; Hyperscale Data,
Inc.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240923800000/en/
Hyperscale Data Investor Contact: IR@hyperscaledata.com
or 1-888-753-2235
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