Hyperscale Data Engages Northland Capital Markets to Explore Strategic Options for Michigan Data Center
24 February 2025 - 10:30PM
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“
Hyperscale Data” or the
“
Company”), today announced that it has engaged
Northland Capital Markets (“
Northland”) to assist
in evaluating strategic alternatives for its Michigan Data Center
(“
Michigan Facility”). This engagement underscores
the Company’s commitment to unlocking value for stockholders as it
explores various pathways, including raising debt or equity for
expansion, or forming joint ventures.
Northland brings extensive expertise in the data
center sector, having successfully advised on over $6 billion of
high-performance computing data center related transactions within
the last 12 months, with particular emphasis on assisting bitcoin
mining focused clients in their transition to high-performance
computing related data centers. Stockholders are encouraged to
review Northland’s corporate website which displays their recently
completed transactions.
William B. Horne, CEO of Hyperscale Data,
commented, “We are excited to partner with Northland, a highly
respected investment bank with deep industry expertise. We are
confident in its ability to help us evaluate and execute the best
path forward for our Michigan Facility, which sits on 34.5 acres
and currently has approximately 30 megawatts of available power and
has reached an agreement in principle with the local utility
enabling Alliance Cloud Services, LLC, an indirectly wholly owned
subsidiary of the Company, to increase its power capacity to
approximately 300 megawatts. As we continue our transition into a
pure-play data center business, we are considering all strategic
options to maximize stockholder value—whether through development,
monetization, or strategic partnerships. We look forward to
exploring multiple opportunities that align with our long-term
growth strategy.”
Hyperscale Data will provide further updates as
the process advances.
The completion of the power upgrade is subject
to a number of risks and uncertainties, one or more which could
result in the project being terminated, including, but not limited
to: failure to agree upon terms and execute a definitive agreement;
the inability of the Company to raise sufficient funds to pay for
the power upgrades; failure to obtain regulatory consents and
approvals; the inability to obtain sufficient easements,
rights-of-way and land rights necessary to the work to be
performed, and other presently unforeseen events or conditions.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy the securities, nor
will there be any sale of the securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
jurisdiction.
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 hyperscaledata.com or available at
www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data is transitioning from a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact to becoming solely an owner and operator of data centers to
support high-performance computing services. Through its wholly and
majority-owned subsidiaries and strategic investments, Hyperscale
Data owns and operates a data center at which it mines digital
assets and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries. It also
provides, through its wholly owned subsidiary, Ault Capital Group,
Inc., mission-critical products that support a diverse range of
industries, including an artificial intelligence software platform,
social gaming platform, equipment rental services,
defense/aerospace, industrial, automotive, medical/biopharma and
hotel operations. 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.
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.
Hyperscale Data Investor
Contact:IR@hyperscaledata.com or 1-888-753-2235
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