Hyperscale Data Issues Letter to Stockholders
Dear Stockholders,
I hope this message finds you well. I am pleased to share developments that underscore the potential of our
The market for AI data centers is flourishing, bolstered by rapid advancements and demand for technologies like NVIDIA’s AI hardware powering large-language models, such as ChatGPT and Claude. We have seen recent transactions, such as Core Scientific, Inc. securing a hosting contract to deliver about 382 megawatts (“MW”) of infrastructure to the AI company CoreWeave, reflecting the burgeoning demand and significant stakes at play. Further supporting our enthusiasm, a recent Goldman Sachs report indicates that global data center power demand is expected to more than double by 2030 due to AI. This prospective explosion in demand could represent a prime opportunity for us to lead and benefit from this transformative period. As the AI landscape expands, we are positioning our
We have received inquiries from a wide range of companies, from innovative AI startups to Fortune 25 industry leaders, that are interested in exploring our
Recently, industry leader Core Scientific secured a hosting contract to deliver about 382 megawatts (“MW”) of infrastructure to CoreWeave, with projected cumulative revenue of approximately
Hyperscale will focus on building out its Michigan AI data center, with plans to expand its capacity from the current approximately 30 MW to approximately 300 MW, subject to the Company’s receipt of state regulatory approvals and adequate funding, which it may or may not obtain.
Hyperscale is positioning to be a pure-play data center business, with its focal points in
As part of this commitment, we plan to distribute our remaining non-core assets to stockholders via one or more special distributions. This includes our crane rental business, lending business, defense business and hotel and real estate business. We are diligently working to ensure this distribution is executed efficiently, to maximize value for our stockholders. The Company anticipates providing an update on its progress made in October.
I am optimistic about the future and remain committed to maximizing stockholder value. We appreciate your continued support as we forge ahead in this promising landscape.
Warm regards,
Chief Executive Officer, Hyperscale Data
Please note that the terms of any special dividend, including the timing of the issuance of any such dividends, are not provided within this press release. Stockholders should refer to the Company’s official announcements, as and when announced. Any such special dividends will be subject to various regulatory requirements and approvals, including but not limited to board approval, NYSE American approval, NYSE American rules and regulations, the potential requirement to file one or more registration statements with the
This press release is for informational purposes only and neither does nor shall constitute an offer to sell, nor the solicitation of an offer to purchase, shares of the Company’s common stock or any other securities of the Company. No distribution will be made to any person in any jurisdiction in which such offer, solicitation or sale is unlawful. Any distribution of securities will be made only in compliance with all applicable rules and regulations.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at https://hyperscaledata.com/ or available at www.sec.gov.
About Hyperscale Data
Hyperscale Data is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides mission-critical products that support a diverse range of industries, including a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, hotel operations and textiles. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
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Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235
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