Hyperscale Data Celebrates Three Years of Consistent Dividends
Hyperscale Data's Commitment to Shareholders
Hyperscale Data, Inc., a diversified holding company, proudly reports that it has successfully paid cash dividends for 36 consecutive months. These dividends are for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. Each month, shareholders receive $0.2708333 per share as dividends, showcasing the company's commitment to returning value to its investors.
Insights from Leadership
Milton "Todd" Ault III, the Founder and Executive Chairman, expressed his pride in this achievement, stating, "Reaching the three-year mark for our Series D Preferred Stock is nothing short of monumental. We want to assure our stockholders that our commitment to the long-term monthly dividend remains strong." This commitment reflects Hyperscale Data's strategic focus on enhancing shareholder value while navigating through market fluctuations.
Understanding the Series D Preferred Stock
The Series D Preferred Stock offers a robust dividend rate of 13.00% per annum based on a stated liquidation preference of $25.00 per share. This unique structure not only benefits shareholders with consistent income but also underscores the company's financial health and operational success.
A Growing Company
Beyond dividends, Hyperscale Data, through its subsidiary Sentinum, Inc., is actively involved in the data center sector by mining digital assets and providing colocation and hosting services to support the rapidly evolving artificial intelligence ecosystem and other sectors. The company's strategy emphasizes innovation and adaptation to emerging technological trends, setting a strong foundation for future growth.
Strategic Divestiture Plans
Looking ahead, Hyperscale Data is poised to divest itself of Ault Capital Group, Inc. (ACG) by the end of this year. Post-divestiture, the company will focus exclusively on its data center operations aimed at high-performance computing services while potentially continuing its Bitcoin mining operations. This shift reflects a strategic move to streamline operations and concentrate resources effectively, aligning with broader market trends.
Recent Developments and Future Prospects
Hyperscale Data also made headlines on December 23 last year when it issued one million shares of Series F Exchangeable Preferred Stock to its common stockholders. This strategic issuance will facilitate a voluntary exchange for shares of Class A and Class B Common Stock of ACG during the planned divestiture, thus reshaping the company’s capital structure.
Investor Relations and Commitment to Transparency
For those interested in learning more about Hyperscale Data, the company encourages stockholders, investors, and interested parties to view their public filings available on their investor relations page. This transparency is crucial for maintaining trust and fostering informed investment decisions.
The company's headquarters is located in Las Vegas, NV. Should you have any inquiries, you can reach the investor relations team at IR@hyperscaledata.com or call 1-888-753-2235.
Frequently Asked Questions
1. What is the significance of the 36 consecutive dividend payments?
This milestone demonstrates Hyperscale Data's commitment to consistently rewarding its shareholders and indicates the company's strong financial health.
2. What is the dividend rate for the Series D Preferred Stock?
The Series D Preferred Stock offers a dividend of 13.00% per annum, equating to $0.2708333 monthly per share.
3. What will happen to Hyperscale Data after the divestiture of ACG?
Post-divestiture, Hyperscale Data will focus entirely on its data center operations, enhancing its role as a leader in high-performance computing services.
4. How can investors stay informed about Hyperscale Data?
Investors can keep updated by reviewing the company's public filings and press releases on their investor relations page.
5. Who can investors contact for more information?
Investors can reach out to the investor relations team via email at IR@hyperscaledata.com or by calling 1-888-753-2235.
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