Hyperscale Data CEO Doubles Down On Bitcoin In Candid Letter
Hyperscale Data, Inc. (AMEX:GPUS) stock fell Friday after the company’s executive chairman issued a lengthy letter outlining a Bitcoin-centered strategy and detailing the firm’s estimated financial standing.
Founder and Executive Chairman Milton “Todd” Ault III told stockholders the recent pullback in Bitcoin (CRYPTO: BTC/USD) and weakness in AI-linked equities have not changed the company’s outlook.
He said the executive team believes Hyperscale Data is in its strongest position since its formation eight years ago.
Also Read: Bitcoin Crashes Below $96,000 As $1 Billion Wiped Out In Liquidations Across ETH, XRP, Dogecoin
Ault said estimated total assets reached about $330 million as of Oct. 31, with roughly $150 million in estimated net assets.
He cited around $122 million in combined cash and Bitcoin holdings as a key foundation for long-term expansion. He noted that small-cap companies face steep challenges in the public …
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