Hyperscale Data holds over 622 bitcoins, with cash and bitcoin valued at approximately 161.23% of the market value
Hyperscale Data, Inc. (stock code: GPUS), a company listed on the New York Stock Exchange, announced that its wholly-owned subsidiary Sentinum, Inc. and Ault Capital Group, Inc. (ACG) collectively hold 622.4378 bitcoins, with a market value of approximately $45,300,000 based on the closing price of bitcoin at $72,790 on that day.
The company's total cash and bitcoin holdings amount to approximately $85,700,000, accounting for about 161.23% of the company's current market value. The company's Executive Chairman Milton "Todd" Ault III stated that there is a significant divergence between the current market value and the balance sheet value, and the company is evaluating all feasible strategic options to address this imbalance. Hyperscale Data indicated that it plans to gradually use all cash allocated for its digital asset treasury strategy to purchase bitcoin.
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