Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Acquires 1,000 Shares

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $18.00 per share, with a total value of $18,000.00. Following the purchase, the chief executive officer owned 6,000 shares in the company, valued at $108,000. This represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hyperscale Data Price Performance

GPUS stock traded up $0.00 during mid-day trading on Friday, reaching $0.18. The company’s stock had a trading volume of 22,156,098 shares, compared to its average volume of 15,738,337. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a fifty-two week low of $0.17 and a fifty-two week high of $3.65. The company’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.76.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $34.84 million for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.

Hyperscale Data declared that its Board of Directors has approved a share buyback program on Tuesday, May 26th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hyperscale Data Company Profile

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.