The Las Vegas-based diversified holding company expects to divest itself of Ault Capital Group on or about December 31, 2025, though completion of the divestiture during 2025 cannot be assured, according to the company’s statement released July 30.
Ault Capital Group intends to initiate its own XRP accumulation strategy, and Hyperscale Data will provide stockholders with updates on the subsidiary’s XRP acquisition strategy and previously announced XRP lending platform in the coming months.
“We wanted to clarify for our stockholders that this XRP acquired will be a Hyperscale Data asset, even after the planned Divestiture of ACG,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “Hyperscale Data is continuing on its path to becoming a pure-play data center business and we believe this XRP acquisition strategy will be a key part of the Company’s overall treasury strategy.”
The company plans to begin weekly reporting of XRP acquisitions starting August 12, 2025.
Through its wholly-owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center where it mines digital assets and offers colocation and hosting services for artificial intelligence ecosystems and other industries. The company’s other wholly-owned subsidiary, Ault Capital Group, is a diversified holding company pursuing growth through acquisitions.
The divestiture will occur through the voluntary exchange of Series F Exchangeable Preferred Stock for shares of Ault Capital Group’s Class A and Class B Common Stock.
Should you invest $1,000 in GPUS right now?
Don’t miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios powered by AI stock picks with a stellar performance in 2024
