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. 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 update, GPUS shares were trading at $0.16, reflecting a 92.57% decline over the past year.