Hyperscale Data Achieves Record 43 Months of Continued Cash Dividends on Preferred Stock
Hyperscale Data Celebrates 43 Consecutive Months of Cash Dividends
Hyperscale Data, Inc. (NYSE American: GPUS), a prominent player in the artificial intelligence data center realm, has proudly announced its accomplishment of paying cash dividends for an impressive 43 consecutive months. This achievement is tied to the company's Series D Cumulative Redeemable Perpetual Preferred Stock, which offers a dividend yield of 13.00% per annum based on a liquidation preference of $25.00 per share. This translates to a monthly dividend payment of $0.2708333 per share.
The founder and Executive Chairman, Milton 'Todd' Ault III, expressed his pride in the company’s steadfast commitment to maintaining dividend payments. He emphasized the significant progress Hyperscale Data made throughout the past year and conveyed optimism about continuing to enhance shareholder value moving forward. Ault stated, "As we start the new year, I wanted to acknowledge how proud I am of the Company and its commitment to the long-term nature of this dividend."
Insights on Hyperscale Data’s Operations
Hyperscale Data, through its wholly-owned subsidiary Named Sentinum, Inc., operates a data center primarily focused on mining digital assets and providing colocation and hosting services within the burgeoning AI sector. The company also has a diversified holding arm, Ault Capital Group, Inc. (ACG), which pursues growth by acquiring undervalued technology companies and innovative businesses that have global implications.
An important upcoming milestone for Hyperscale Data is the expected divestiture of ACG, slated for the third quarter of 2026. Following the divestiture, the focus will pivot significantly towards operating data centers that will cater to high-performance computing services and managing digital assets. Until then, the company continues to leverage ACG to provide essential products across various sectors, including AI, gaming, medical, and even hospitality industries.
The recent dividend announcements are particularly noteworthy for those invested in the company, especially considering that dividends from the Series D Preferred Stock are cumulative. Any cash dividends that are not paid in any given month must be compounded and paid in future periods, providing a strong incentive for investors concerned about consistent returns.
Notably, on December 23, 2024, Hyperscale Data issued one million shares of a newly designated Series F Exchangeable Preferred Stock, which gives common stockholders and holders of the Series C Preferred Stock opportunities through an exchange offer aligning with the company’s future growth and equity strategies.
Looking Ahead
Investors and stakeholders are encouraged to stay updated on the company’s ongoing performance and strategic decisions by reviewing Hyperscale Data's public filings and press releases available via their Investor Relations section on their website. As the company navigates its operational landscape, shareholders remain optimistic about its trajectory and ability to reinvest in technologies and services that support the thriving landscape of artificial intelligence.
In summary, Hyperscale Data's achievement of 43 consecutive months of cash dividends reflects not only its operational resilience but also its commitment to delivering value to shareholders. With exciting developments on the horizon, interest remains high for existing and potential investors in this innovative company.