What's Going On With Hyperscale Shares Wednesday?

Hyperscale Data, Inc. (AMEX:GPUS) stock traded higher on Wednesday after the company announced its subsidiary, Sentium, mined an additional 56 Bitcoin from January to March 2025.

What To Know: The new 56 Bitcoin (CRYPTO: BTC) mined this year brings the company’s total holdings to 3,061 since its inception in March 2021.

“The company is proud of the Sentinum team and the efficiency with which the mining operations are run. We believe it is important to update stockholders on our current and historical Bitcoin mining operations and of Sentinum’s accomplishments in the Bitcoin mining space,” stated William B. Horne, CEO of Hyperscale.

“The company has previously noted its intentions to relocate the majority of its Bitcoin mining operations concurrently with the buildout of its Michigan Data Center and will continue to update stockholders as this progresses.”

GPUS Price Action: Hyperscale shares closed 16.6% lower at $2.70, according to data from Benzinga Pro.

See Also:
• Nvidia Stock Is Down Nearly 20% YTD: What’s Going On?

Photo: Shutterstock