Hyperscale Data Receives $26.6 Million of Cash Related to Litigation Settlement; Cash Receipt Represents a Significant Liquidity Event for the Company
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Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company anchored by Bitcoin ("Hyperscale Data" or the "Company"), today announced that it has received approximately $26.6 million in cash in connection with the resolution of previously disclosed litigation involving a former subsidiary. The proceeds were received by the Company's subsidiaries, Ault Lending, LLC ("Ault Lending") and RiskOn International, Inc. ("ROI").
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