Hyperscale Data Says Its Stock Is Too Cheap, Slashes Stock Sale Plan By $200 Million

Hyperscale Data, Inc. (NYSE: GPUS) has reduced its stock offering program by $200 million, lowering the maximum offering size from $300 million to $100 million, in an effort to limit shareholder dilution. The company has raised $49.8 million by selling approximately 121.8 million shares at an average price of 41 cents per share. CEO Will Horne stated that the company believes its shares are undervalued and plans to finance its AI data center expansion in Michigan through debt rather than equity. As of the latest report, GPUS shares rose 1.98% to $0.16, although they remain down 92.57% over the past year.