Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) CEO Buys $17,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of $0.17 per share, for a total transaction of $17,000.00. Following the purchase, the chief executive officer directly owned 500,000 shares of the company’s stock, valued at approximately $85,000. The trade was a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hyperscale Data Price Performance

GPUS stock opened at $0.16 on Friday. The firm has a 50 day moving average of $0.51 and a 200 day moving average of $0.71. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a 52 week low of $0.16 and a 52 week high of $3.65.

Hyperscale Data (NYSEAMERICAN:GPUS) last released its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The company had revenue of $34.84 million for the quarter.

Hyperscale Data Company Profile

Hyperscale Data, Inc is a diversified technology holding company focused on data-center infrastructure, high-performance computing and digital assets. Through its operating subsidiaries, the company develops and operates facilities designed to support artificial intelligence, cryptocurrency mining and other compute-intensive applications.

The company’s activities have included data-center operations, high-performance computing services and the mining of digital assets. Its infrastructure operations have been associated with a facility in Michigan, serving customers and projects that require substantial computing capacity and related power and hosting resources.

Hyperscale Data was previously known as Ault Alliance, Inc and, before that, BitNile Holdings, Inc The company has used a holding-company structure to pursue investments across technology and other industries.