Hyperscale Data, Inc. has declared a monthly cash dividend of $0.2708333 per share for preferred stockholders.
Quiver AI Summary
Hyperscale Data, Inc. has declared a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of November 30, 2024, and a payment date of December 10, 2024. The company, which operates a data center focused on Bitcoin mining and offers various services including colocation for AI, engages in diversified business operations such as gaming, equipment rental, and private credit services. Investors are encouraged to review the company's public filings and press releases for further information.
Potential Positives
- The announcement of a monthly cash dividend of $0.2708333 per share demonstrates the company's commitment to returning value to shareholders.
- The declared dividend highlights the company's financial stability and ability to generate sufficient cash flow to support consistent dividend payments.
- Setting a record date for the dividend could attract new investors seeking income-generating investments.
- This press release reinforces Hyperscale Data's strategic position in diversified markets, aiming for growth through acquisitions and innovative technologies.
Potential Negatives
- The announcement of a cash dividend may indicate that the company is prioritizing the return of capital to shareholders over reinvesting in growth or new initiatives.
- The reliance on a perpetual preferred stock with a high dividend rate (13.00%) could signal potential financial distress or a lack of available profitable investment opportunities.
- The press release emphasizes the company's reliance on forward-looking statements, which highlights the uncertainty and risks associated with their business strategies and future performance.
FAQ
What is the monthly cash dividend declared by Hyperscale Data?
The monthly cash dividend declared is $0.2708333 per share of the 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.
What is the record date for the dividend payment?
The record date for the dividend is November 30, 2024.
When will the dividend be paid to shareholders?
The dividend payment date is Tuesday, December 10, 2024.
How can I access more information about Hyperscale Data?
More information can be found in the Investor Relations section at or at www.sec.gov.
What industries does Hyperscale Data serve?
Hyperscale Data serves various industries, including gaming, defense, aerospace, automotive, and medical/biopharma.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GPUS Insider Trading Activity
$GPUS insiders have traded $GPUS stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here's a breakdown of recent trading of $GPUS stock by insiders over the last 6 months:
- MILTON C III AULT (Executive Chairman) has traded it 4 times. They made 4 purchases, buying 87,000 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
LAS VEGAS, Nov. 19, 2024 (GLOBE NEWSWIRE) --
Hyperscale Data, Inc.
(NYSE American: GPUS), a diversified holding company ("
Hyperscale Data
" or the "
Company
"), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company's outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is November 30, 2024, and the payment date is Tuesday, December 10, 2024.
Link to NYSE quote for the Company's 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock:
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
or available at
www.sec.gov.
About Hyperscale Data, Inc.
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
.
Hyperscale Data Investor Contact:
IR@hyperscaledata.com
or 1-888-753-2235
