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, amending its agreement with Spartan Capital Securities LLC to lower the maximum offering size from $300 million to $100 million. The company has raised $49.8 million by selling approximately 121.8 million shares at an average price of 41 cents per share, aiming to limit shareholder dilution. Additionally, Hyperscale Data is developing an AI data center in Michigan, planning to finance construction costs through debt rather than equity, with preliminary estimates suggesting $100 million to $150 million in project debt financing.