Hyperscale Data Announces a Special Dividend of 10% Series E Cumulative Redeemable Perpetual Preferred Stock

All Common and Series C Convertible Preferred Stockholders to Receive Planned Dividend

LAS VEGAS, Nov. 13, 2024 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), previously announced on November 6, 2024 that it plans to issue a special one-time dividend (the “Distribution”) of a newly designated 10% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred on an as-converted basis.

The Company hereby announces that the record date for the Distribution has been set for November 26, 2024. Stockholders who own the Company’s stock at the close of trading on that date will be eligible to receive the shares of Series E Preferred Stock. Further, the Company has set a payment date of December 9, 2024, subject to adjustment. On the record date, the Company anticipates there will be approximately 1,109,895 shares of common stock and approximately 5,935,065 common stock equivalents, based on the current conversion price of the Company’s Series C Convertible Preferred Stock, issued and outstanding (collectively, the “Eligible Capital Stock”), for an aggregate of approximately 7,044,960 shares of Eligible Capital Stock. Consequently, the number of shares of Series E Preferred Stock issuable is approximately 0.092 for each share of Eligible Capital Stock. The foregoing figures reflect the implementation of the one-for-thirty-five reserve stock split that will be effectuated on November 25, 2024.

There will be no public trading market for the Series E Preferred Stock by the payment date. While the Company presently intends to seek to have the Series E Preferred Stock listed for trading on the NYSE American within the foreseeable future, there can be no assurance when, or if, such a listing will occur.

The Series E Preferred Stock has a $25.00 stated value per share and will pay a monthly cash dividend at a 10% annualized rate, subject to certain deferrals that the Company will be permitted to make. The Distribution has been approved by the NYSE American. For further information about the Series E Preferred Stock, please see the Current Report on Form 8-K filed on Tuesday, November 12, 2024.

The Company is committed to providing this Distribution to its stockholders as a way to show its appreciation for their continued support. Stockholders should refer to the Company’s official announcements or consult their financial advisors for more information about the specifics of the Distribution.

“We are thrilled to be able to offer this special dividend to our loyal stockholders,” said Milton “Todd” Ault, III, the Executive Chairman of Hyperscale Data. Mr. Ault continued by stating that “For the past few years, the Company has explored opportunities to issue a Bitcoin dividend. We have come to the conclusion that, due to a number of circumstances, we are unable to issue a Bitcoin dividend. However, we still want to reward stockholders for their loyalty and commitment to the Company. I am excited that this dividend would represent approximately 16% of the face value of the Bitcoin we have mined since early 2021. We hope that our stockholders will find this dividend to be a valuable addition to their investment portfolio.”

This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company’s common stock or any other securities of the Company. The Distribution is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at https://hyperscaledata.com/ or available at www.sec.gov.

About Hyperscale Data, Inc.

Hyperscale Data is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides mission-critical products that support a diverse range of industries, including a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, hotel operations and textiles. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data, Inc.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235