Ault Alliance to Rebrand as Hyperscale Data, Inc., Effective September 10, 2024
September 09 2024 - 6:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), will
rebrand as Hyperscale Data, Inc. (“Hyperscale”) and trade
under the new ticker symbol “GPUS” starting September 10, 2024. The
Series D Preferred Shares ticker symbol will also change from “AULT
PRD” to “GPUS PRD.” Current stockholders do not need to take any
action. The rebranding aims to emphasize the Company’s dedication
to enhancing its data center operations.
Hyperscale will focus on expanding its flagship Michigan
artificial intelligence (“AI”) data center from
approximately 30 megawatts (“MWs”) to approximately 300 MWs,
subject to the Company’s receipt of regulatory approvals and the
securing of adequate financing, which it may or may not obtain.
This expansion aligns with industry expectations of increased data
center power demand driven by significant AI advancements. Milton
“Todd” Ault III, Executive Chairman of the Company, remarked, “Our
Michigan facility and expanded services will be pivotal in
addressing the escalating demand for AI-driven infrastructure. We
are positioning the Company to be as close to a pure-play as
possible to deliver the best return possible for our stockholders.
Stockholders should expect additional announcements from the
Company in the near future about management’s plans to deliver a
pure-play data center business in Hyperscale.”
For more information on Ault Alliance and its subsidiaries, Ault
Alliance recommends that stockholders, investors, and any other
interested parties read Ault Alliance’s public filings and press
releases available under the Investor Relations section at
www.Ault.com or available at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. 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, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and offers colocation and hosting services for the emerging AI
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, Ault Alliance is actively
engaged in private credit and structured finance through a licensed
lending subsidiary. Ault Alliance’s headquarters are located at
11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
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 U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8- K. All filings are available at www.sec.gov and on the Company’s
website at www.Ault.com.
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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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