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Hyperscale Data enters agreement for $50M in new equity financing

Hyperscale Data (GPUS) announced it has entered into an agreement for up to $50M in new equity financing from a single, unaffiliated institutional investor. The Investor has committed to purchasing up to 50,000 shares of newly designated Series B Convertible Preferred Stock. The capital from the Preferred Transaction will be used to accelerate the buildout of the company’s state-of-the-art Michigan data center, marking a major milestone in Hyperscale Data’s previously announced growth plans.

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