Hyperscale Data Announces Significant Monthly Dividend Changes

Hyperscale Data's Monthly Dividend Announcement

LAS VEGAS — Hyperscale Data, Inc. (NYSE American: GPUS), a dynamic holding company, has exciting news for its investors! The company’s Board of Directors has recently declared a monthly cash dividend of $0.2708333 per share on the outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. It is a remarkable opportunity for stakeholders as this dividend showcases the company's commitment to returning value to its shareholders.

Details of the Dividend Declaration

The record date set for this dividend is July 31, while the payment is scheduled for August 11. This consistent dividend practice reflects Hyperscale Data's financial health and operational stability, appealing strongly to current and potential investors. Moreover, the Board is also pleased to announce a cash dividend of $0.20833 per share on the 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock that will likewise benefit shareholders.

Insights Into Hyperscale Data Inc.

Through its subsidiary, Sentinum, Inc., Hyperscale Data has marked its presence in the tech industry by operating data centers that specialize in mining digital assets, along with providing colocation and hosting services tailored for modern businesses, notably those in the artificial intelligence ecosystem. This strategic focus on AI enables Hyperscale Data to stay ahead in a competitive market, offering crucial support to various sectors.

Upcoming Corporate Changes

In an effort to streamline operations and concentrate on its core business model, Hyperscale Data anticipates divesting Ault Capital Group, Inc. (ACG) by the end of the year. This move aims to enhance its focus on high-performance computing services while ceasing some of its operations in the digital asset space. The planned divestiture is significant; it is designed to simplify Hyperscale's business structure while positioning it for future growth.

Tailored Approaches for Diverse Markets

Until the divestiture occurs, Hyperscale Data will continue to engage in missions that support a broad range of sectors, such as gaming, aerospace, and telecommunication. Competing in these fields requires relentless innovation and adaptability in response to market demands. The company’s commitment to delivering diverse and vital products showcases its strategic foresight.

Investor Relations and Shareholder Engagement

For more detailed information about Hyperscale Data and its operations, shareholders and interested parties are encouraged to explore the public filings accessible through their Investor Relations section. These documents provide transparency and updates about the company's financial health, strategic direction, and upcoming initiatives. Understanding the deeper mechanics of the company is essential for informed investment decisions.

Frequently Asked Questions

What is the recent cash dividend declared by Hyperscale Data?

Hyperscale Data has declared a monthly cash dividend of $0.2708333 per share for the 13.00% Series D preferred stock.

When are the dividend payment dates?

The payment date for the declared dividends is set for August 11, with the record date on July 31.

What is the role of Hyperscale Data's subsidiary Sentinum?

Sentinum operates data centers for mining digital assets and offers colocation and hosting services, particularly for clients involved in artificial intelligence.

What significant corporate change is expected for Hyperscale Data?

The company anticipates divesting Ault Capital Group, Inc., focusing on core data center operations and high-performance computing services.

Where can I find more information about Hyperscale Data?

Further information is available in their public filings and on their official website, which contains vital insights regarding operations and financial performance.

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