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Hyperscale Data plans tokenized Series D offering of up to $33.5M in preferred stock to expand investor access via blockchain RWA platforms.
Amount Raised
$33.5 Million
Round Type
Series D
Las VegasInformation TechnologyData CenterData MiningDescription
Hyperscale Data announced plans to tokenize up to 1,340,947 shares of its Series D Cumulative Redeemable Perpetual Preferred Stock, representing approximately $33.5 million in potential gross proceeds at $25.00 per share. The company intends to use net proceeds primarily to finance continued development, construction and expansion of its Michigan AI data center campus, including power distribution, cooling systems, and customer deployment infrastructure. The Series D Preferred Stock currently trades on NYSE American under symbol GPUS PD with a 13.00% annual cumulative dividend and has delivered 52 consecutive monthly dividend payments since June 2022. The proposed tokenization would create an additional financing channel through digital securities platforms in the United States and international markets.
Fundz sees it the moment Hyperscale Data raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Hyperscale Data raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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