Ault Alliance will rebrand as Hyperscale Data and trade under the new ticker symbol “GPUS” starting September 10, 2024. The Series D Preferred Shares ticker symbol will also change from “AULT PRD” to “GPUS PRD.” Current stockholders do not need to take any action. The rebranding aims to emphasize the Company’s dedication to enhancing its data center operations. Hyperscale will focus on expanding its flagship Michigan artificial intelligence data center from approximately 30 megawatts to approximately 300 MWs, subject to the Company’s receipt of regulatory approvals and the securing of adequate financing, which it may or may not obtain. This expansion aligns with industry expectations of increased data center power demand driven by significant AI advancements.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AULT:
- Ault Inc. changing corporate name to Hyperscale Data effective September 10
- Ault Alliance Announces Series D Preferred Stock Dividend
- Here’s What You Missed in Crypto This Week
- Ault subsidiary reports bitcoins production in Montana and Michigan data centers
- Ault Inc. to focus on data center operations, divest remaining assets