Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) CEO William Horne acquired 100,000 shares of the stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of $0.17 per share, for a total transaction of $17,000.00. Following the completion of the transaction, the chief executive officer owned 400,000 shares in the company, valued at approximately $68,000. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Hyperscale Data Stock Down 5.8%
Shares of NYSEAMERICAN:GPUS traded down $0.01 during mid-day trading on Tuesday, reaching $0.16. 20,065,338 shares of the company traded hands, compared to its average volume of 17,150,240. Hyperscale Data, Inc. has a 52 week low of $0.16 and a 52 week high of $3.65. The company’s 50 day moving average price is $0.54 and its 200-day moving average price is $0.72. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.
Hyperscale Data (NYSEAMERICAN:GPUS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $34.84 million for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.
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.
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