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Why Did Hyperscale Data Inc. (GPUS) Soar 49.11%?
Generated by AI AgentBefore the Bell
Friday, Jun 20, 2025 6:52 am ET1min read
Hyperscale Data Inc. (NYSEMKT: GPUS) experienced a significant surge in its stock price, rising by 49.11% in pre-market trading on June 20, 2025. This substantial increase has drawn considerable attention to the company's recent developments and strategic moves.
Hyperscale Data's subsidiary, Bitnile.com, has started accepting the $TRUMP meme coin as a form of payment. This move aligns with the company's strategy to diversify its payment options and
into the growing interest in digital currencies, potentially attracting a new segment of investors and customers.In a significant development,
announced cash dividends for its Series D and Series E Cumulative Redeemable Perpetual Preferred Stock. The record dates for these dividends are set for June 30, 2025, with payments scheduled for July 10, 2025. This announcement reflects the company's commitment to providing returns to its investors, especially as it transitions its focus towards high-performance computing services.Additionally, the company has been actively trading its stock on the open market, with insiders making several purchases and sales over the past six months. This activity suggests a level of confidence among insiders regarding the company's future prospects, which could further bolster investor sentiment.
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