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Stock impact report

Ault Alliance to Rebrand as Hyperscale Data, Inc., Effective September 10, 2024

Ault Alliance, Inc. (AULT) 
Company Research Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), will rebrand as Hyperscale Data, Inc. (“Hyperscale”) and trade under the new ticker symbol “GPUS” starting September 10, 2024. The Series D Preferred Shares ticker symbol will also change from “AULT PRD” to “GPUS PRD.” Current stockholders do not need to take any action. The rebranding aims to emphasize the Company’s dedication to enhancing its data center operations.Hyperscale will focus on expanding its flagship Michigan artificial intelligence (“AI”) data center from approximately 30 megawatts (“MWs”) to approximately 300 MWs, subject to the Company’s receipt of regulatory approvals and the securing of adequate financing, which it may or may not obtain. This expansion aligns with industry expectations of increased data center power demand driven by significant AI advancements. Milton “Todd” Ault III, Executive Chairman of the Company, remarke Show less Read more
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