Hyperscale Data issues letter to shareholders

Hyperscale Data (GPUS) issued the following letter to its stockholders from its Founder and Executive Chairman, Milton “Todd” Ault III. “As the Founder and Executive Chairman of Hyperscale Data, I want to share important updates on our strategic direction and the substantial opportunities we believe lie ahead… We are actively pursuing similar hosting agreements and believe our Michigan Facility would be highly attractive to top tier hyperscale tenants seeking long-term leases if we meet our objective of scaling our Michigan Facility to 340 MW of power, as discussed below. Our discussions have included well-capitalized companies in the industry, and we are confident in our ability to secure strategic partnerships that could deliver meaningful revenue growth over the next 8 to 12 years…. As our strategy advances and the AI infrastructure market continues to evolve, we expect the gap between our intrinsic value and current market capitalization to narrow, creating meaningful long-term value for our stockholders. That said, our strategy is not without risk. Successful execution will require considerable capital investment and the ability to secure long-term partnerships with leading technology firms. Completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades and other expenditures; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.”