Hyperscale Data Announces $35.4M Preferred Stock Offering; Shares Drop After-Hours
Hyperscale Data disclosed an at-the-market offering of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock for up to $35.4 million, naming Wilson-Davis & Co. as sales agent. The company said most net proceeds are intended for Bitcoin acquisitions and possible purchases of gold, silver and copper, with a smaller portion allocated to wor…