Hyperscale Data treasury hits $75.25M, 66% of market cap

• GPUS stock rose approximately 8% in early trading on Nov. 11 following the 6:00 AM EST announcement, according to data from Seeking Alpha.
• Hyperscale Data’s market capitalization was $116.27 million based on the Nov. 10 closing price, according to Yahoo Finance.
• The company aims for a $100 million digital asset goal and provides weekly Tuesday updates on its progress, Executive Chairman Milton “Todd” Ault III said.

Nov. 11 (Crypto-News.Net) – Hyperscale Data (GPUS) announced Tuesday its digital asset treasury has reached $75.25 million, a figure representing approximately 66% of the company’s total market capitalization. The valuation is based on figures from November 9, according to a company announcement.

The company said its holdings include 267.6862 Bitcoin, which it valued at approximately $28.03 million. This total also includes $47.25 million in cash earmarked for future BTC purchases by its subsidiary, Sentinum, Inc., via dollar-cost averaging, according to the press release.

Hyperscale Data based the treasury’s BTC valuation on the November 9 price of $104,719.64, data from CoinMarketCap shows. The 66% market capitalization figure was derived from the company’s $116.27 million market cap, based on its November 10 closing stock price of $0.3717, according to Yahoo Finance.

This announcement provides an update on the company’s treasury position. An October 31 filing with the SEC noted the company held an aggregate value of $122 million in cash and Bitcoin at that time.

Treasury Goal and Strategy

Executive Chairman Milton “Todd” Ault III stated in a press release that the update demonstrates “continued progress” toward the company’s $100 million digital asset goal, noting that “weekly Tuesday updates reflect our disciplined approach.” The approach mirrors recent corporate BTC treasury moves.

Hyperscale Data (GPUS) is listed on the NYSE American, according to exchange data. The company describes its business as an AI hyperscale data center operator that also focuses on Bitcoin mining. Other firms in the sector have also announced AI-Bitcoin strategies.

Market Context and Reaction

Following the 6:00 AM EST announcement on November 11, shares of GPUS climbed approximately 8% in early trading, Seeking Alpha reported.The 66% treasury-to-market-cap ratio was included in the company’s announcement. Other firms in the digital asset sector also maintain substantial crypto and cash holdings, as exemplified by the holdings of other firms.