Super-large-scale data company's stock price drops after announcing $35.4 million funding

LootboxPhobia · 2026-02-13T23:53:42+00:00

A mega-scale data company announces the launch of a preferred stock financing plan, with the stock price dropping 12.8%. The plan involves selling Series D preferred stock, raising up to $35.4 million, primarily for purchasing Bitcoin and precious metals, with some funds allocated for operations and debt repayment.

LootboxPhobia

2026-02-13 23:53:42

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Investing.com – Hyperscale Data, Inc. (NYSE: GPUS), a large-scale data company, announced on Friday the launch of a “market-based pricing” equity financing plan for its preferred stock. Following the announcement, the company’s stock price fell 12.8% in after-hours trading.

The company, which focuses on AI data centers and is involved in Bitcoin operations, revealed plans to sell 13% Series D cumulative redeemable perpetual preferred stock, with total proceeds expected to reach up to $35.4 million. Wilson-Davis & Co., Inc. will serve as the selling agent for this issuance.

According to the company’s statement, Hyperscale Data plans to allocate most of the net proceeds to purchasing Bitcoin, and may also buy precious metals including gold, silver, and copper. A smaller portion of the funds will be used for working capital and general corporate purposes, which may include debt repayment or stock buybacks.

These shares will be offered through transactions considered “market-based pricing,” including through ordinary broker transactions on the NYSE American exchange or sales at current market prices.

Management stated that they cannot precisely predict all specific uses of the net proceeds, giving company leadership broad discretion over the timing and application of the funds raised.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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