24/7 Market News Snapshot 19 February, 2025 – Hyperscale Data, Inc. (NYSE:GPUS)

February 19, 2025

DENVER, Colo., 19 February, 2025 (247marketnews.com) – (NYSE:GPUS) are discussed in this article.
Hyperscale Data, Inc. (GPUS) is experiencing a notable surge, trading at $3.628 in the pre-market session, which marks an impressive increase of 11.29% from the previous close of $3.260. This price movement is backed by a trading volume of 574.95K shares, indicating strong investor engagement and potential upward momentum. The recent rise reflects growing investor confidence, likely fueled by favorable developments within the company. For traders, it will be essential to keep an eye on key support levels around $3.260 and resistance at recent highs, as sustained volume may validate this bullish trend and signal breakout opportunities ahead.

In a significant advancement, Hyperscale Data has announced a major expansion plan through its wholly owned subsidiary, Alliance Cloud Services, LLC (ACS), aimed at enhancing its position in the high-performance computing (HPC) sector. ACS has reached a preliminary agreement with a local utility to scale up its data center’s power capacity from 30 megawatts (MW) to 300 MW within the next 44 months, contingent upon the completion of a formal Letter of Authorization currently under negotiation.

This expansion is pivotal for meeting the surging demand for AI infrastructure, as Hyperscale Data transitions from Bitcoin mining to focusing solely on superior HPC services. To support these changes, ACS will implement advanced network, electrical, and cooling systems designed for its new HPC environment.

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, highlighted the importance of this agreement, emphasizing the company’s commitment to enhancing its capabilities to serve AI and HPC customers. While the power upgrade project comes with challenges, including potential regulatory delays, the company remains dedicated to updating stakeholders on its progress and maintaining transparency throughout the process. Hyperscale Data’s strategic moves are solidifying its place in the evolving data center landscape, showcasing its dedication to technological advancement and operational excellence.

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