Hyperscale Data (NYSEAMERICAN:GPUS) Stock: Insider Milton Ault III Buys 10,311,874 Shares

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 10,311,874 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of $0.49 per share, for a total transaction of $5,052,818.26. Following the purchase, the chairman owned 13,925,566 shares in the company, valued at $6,823,527.34. This represents a 285.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN GPUS opened at $0.17 on Friday. Hyperscale Data, Inc. has a 52-week low of $0.16 and a 52-week high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. The business has a fifty day moving average of $0.50 and a two-hundred day moving average of $0.70.

Hyperscale Data (NYSEAMERICAN:GPUS) last posted its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The firm had revenue of $34.84 million during the quarter.

Hyperscale Data Company Profile

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.