Hyperscale Data (GPUS) announced that its wholly owned subsidiary Sentinum, plans to resume Bitcoin mining operations at one of its two Montana sites on or around June 10. Sentinum completed the build-out of the Montana site in 2024 and it currently provides up to 10 megawatts of power, which is sufficient to operate approximately 3,200 S19j Pro Antminers. Sentinum will initially recommence mining operations on approximately 2,600 Antminers and expects to increase operations to full capacity of approximately 3,200 Antminers, during July. “Given the recent increase in the price of Bitcoin, we have made the decision to resume mining at one of our Montana sites,” said William Horne, CEO of Hyperscale Data. “It is our belief that the current price of Bitcoin is sustainable, which will allow our Montana Bitcoin mining operations to generate positive cash flow from operations.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPUS:
- Hyperscale Data’s Bitnile.com launches Nile Coin on Solana Blockchain
- Hyperscale Data sees Q1 revenue surpassing $25M, FY25 revenue $115M-$125M
- Hyperscale Data sees Q1 revenue surpassing $25, FY25 revenue $115M-$125M
- Hyperscale Data Approves Executive Salary Increases
- Hyperscale Data files to sell 29.33M shares of Class A common stock for holders
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue