Loading...
[Hyperscale Data Bitcoin Assets Exceed Company Market Value] Hyperscale Data (NYSE American: GPUS) announced that its Bitcoin asset reserves have reached approximately $76.1 million, accounting for 117.76% of the company's market value. As of December 28, its wholly-owned subsidiary Sentinum holds approximately 519.6787 Bitcoins, valued at around $45.6 million. The company has also set aside $30.5 million in cash for future Bitcoin acquisitions. Executive Chairman Milton “Todd” Ault III stated that the company has achieved its goal of Bitcoin and cash reserves reaching 100% of its market value. The company plans to increase its Bitcoin balance sheet to $100 million and will allocate at least 5% of its reserved cash weekly to purchase Bitcoin, with holdings updated every Tuesday.