Hyperscale Data Inc. (NYSE:GPUS) stock fell nearly 7% in Tuesday’s premarket trading after soaring 77.62% on Monday. The decline appeared to reflect profit-taking after the sharp rally rather than a broader market sell-off. Meanwhile, Nasdaq futures gained 0.24%, and S&P 500 futures edged 0.04% higher.
Bitcoin And Cash Holdings
Hyperscale Data said it holds approximately 713.5884 Bitcoin (CRYPTO: BTC/USD), valued at about $46.9 million. The company also reported about $40.2 million in cash and 10,000 ounces of silver.
Based on the June 15 closing price of its common stock, the company’s $87.1 million in cash, restricted cash and Bitcoin represented about 73.34% of its market capitalization.
AI Data Center Expansion
