Las Vegas, October 8th / PRNewswire / -- Hyperscale Data, Inc. (New York Stock Exchange US market code: GPUS) is an artificial intelligence ( AI ) data center company. The company announced today that Ault Markets now provides real-time, invitation-only access to the decentralized exchange ( DEX ) which is currently running in a test version on Ault Blockchain.
Ault Markets, Inc created the Ault Markets software to provide access for DEX which is natively deployed on Ault Blockchain. Similar to other decentralized exchanges, the listing decisions and transactions on this DEX are not controlled by centralized entities. The launch of Ault Markets continues the company's previously announced plans to develop this exchange and expand its blockchain-based financial technology products.
Currently, access is still limited to invited individuals only. Interested participants can visit AultMarkets.com to apply for an invitation and join the update list in order to receive information about new assets and platform progress.
The company plans to significantly expand the range of assets that are available on Ault Markets and tradable on DEX. The new assets planned to be added include tokenized silver, tokenized gold, and tokenized platinum. As these products move towards the launch phase, the company will issue further announcements providing more details.
Hyperscale Data Executive Chairman Milton said, " Todd " Ault III stated: "We have been developing Ault Markets for some time and have shared the progress through a series of press releases over the past year and a half. The platform we have been discussing is now live, and we are very proud of the work done by the team and core contributors to achieve this milestone."
"We believe that tokenization will be one of the most important developments in the financial market over the next decade, as it has the potential to change the way people acquire, own, and trade assets. We are proud that Ault Markets is already equipped to take part in this opportunity, and we will continue to build upon and expand this platform."
As the promotion of the invitation system progresses and more assets are introduced, the company will continue to update shareholders and interested participants on the progress.
For more information about Hyperscale Data and its subsidiaries, the company recommends that shareholders, investors, and other interested parties read the public documents and press releases published by Hyperscale Data under the Investor Relations section, which can be found at the website hyperscaledata.com. Alternatively, you may visit www.sec.gov.
Regarding Hyperscale Data, Inc.
Through its wholly-owned subsidiaries Sentinum, Inc, and Hyperscale Data, Hyperscale Data owns and operates a data center that provides hosting and cabinet hosting services for the emerging AI ecosystem as well as other industries. Another wholly-owned subsidiary of Hyperscale Data, Ault Capital Group ("ACG"), is a mixed-type private equity and operations company that acquires, finances, builds, and actively manages businesses in the fields of financial services, digital assets, industrial services, hospitality, defense technology, and others.
Hyperscale Data Currently, it is anticipated that the divestiture transaction (“Divestiture”) of ACG will occur in 2027. Upon completion of the divestiture, the company will become the owner and operator of data centers that provide support for high-performance computing services, while also holding digital assets as well as its third wholly-owned subsidiaries, Omnipresent Robotics and LLC. Prior to the divestiture, the company will continue to provide mission-critical products that support various industries through ACG and its wholly-owned and majority-owned subsidiaries, as well as strategic investments, including the AI software platform, equipment leasing services, defense/aerospace, industrial, automotive, and hospitality businesses. In addition, ACG is also actively engaged in private lending and structured financing business through its licensed lending subsidiaries Ault Lending and LLC. Hyperscale Data is headquartered at 190 Room 11411, Southern Highlands Parkway, Las Vegas, Nevada, with the postal code 89141.
On December 23, 2024, the company issued 1 million newly designated Series F exchangeable preferred shares (“Series F Preferred Stock”) to all common shareholders and holders of Series C preferred shares calculated on a converted basis. The spin-off will be completed by voluntarily exchanging Series F Preferred Stock for Class A common shares and Class B common shares (collectively referred to as “ACG Shares”). The company reminds shareholders that only those Series F Preferred Stock holders who agree to surrender the aforementioned shares in the exchange offer for the spin-off and have not properly withdrawn their surrenders will be entitled to receive ACG Shares upon the occurrence of the spin-off and thus become shareholders of ACG.
Forward-looking Statements
This press release contains “forward-looking statements” as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended). Such forward-looking statements typically include predictive statements and rely on or involve future events or conditions, and contain words such as “believes,” “plans,” “expects,” “projects,” “estimates,” “anticipates,” “intends,” “strategy,” “future,” “opportunity,” “possible,” “will,” “should,” “can,” “potential,” and similar phrases. Statements that are not historical facts are considered forward-looking statements. Forward-looking statements are based on current beliefs and assumptions and are subject to risks and uncertainties.
Forward-looking statements are only valid as of the date they are made, and the company assumes no obligation to publicly update any such statements due to new information or future events. Due to various factors, actual results may differ significantly from those contained in any forward-looking statements. Additional information that may affect the company's business and financial results, including potential risk factors, is contained in the documents submitted by the company to the U.S. Securities and Exchange Commission, including but not limited to Form 10-K, Form 10-Q, and Form 8-K. All documents can be found at www.sec.gov and on the company's website at hyperscaledata.com.
