Hyperscale Data Inc. (AMEX:GPUS) shares are trading higher Tuesday after the company announced its Bitcoin treasury reached approximately 700 coins. Also, the company announced a tender offer to buy back $5 million of shares at 21 cents per share.
- Hyperscale Data stock is among today’s top performers. Why are GPUS shares rallying?
Bitcoin Treasury Nears 700 Coins
Hyperscale said that as of May 24, 2026, it held 699.6865 Bitcoin through its wholly owned subsidiaries Sentinum, Inc. and Ault Capital Group, Inc.
The company said the holdings had an aggregate value of approximately $53.9 million based on Bitcoin’s closing price of $76,981 on May 24.
During the week ended May 24, Ault acquired approximately 2 Bitcoin in the open market.
Hyperscale said it intends to fully deploy the cash allocated to its digital asset treasury strategy into additional Bitcoin purchases over time.
Company Launches $5 Million Tender Offer
Separately, Hyperscale announced that it commenced a cash tender offer to repurchase up to $5 million of shares of its Class A common stock at a purchase price of 21 cents per share.
The company said the tender offer is expected to expire one minute after 11:59 p.m. ET on June 8, 2026, unless extended or terminated earlier.
Hyperscale said it expects to fund the tender offer using existing cash and cash equivalents.
The company noted that neither Hyperscale nor its board of directors has made any recommendation regarding whether shareholders should tender their shares.
Hyperscale Shares Edge Higher
GPUS Price Action: At the time of publication, Hyperscale shares are trading 6.12% higher at 16 cents, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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