Hyperscale Data, Inc., a diversified holding company listed on NYSE American under the ticker GPUS, has announced a significant financial milestone for its indirect wholly owned subsidiary, Ault Global Real Estate Equities, Inc. (AGREE). Through its minority holding in Fouquet's New York, AGREE has secured $145 million in financing from funds affiliated with Goldman Sachs & Co. LLC. This strategic transaction strengthens the financial foundation of Fouquet's New York, a premier property poised to become an iconic destination in the city.
Hyperscale Data's subsidiary AGREE secures $145M financing for Fouquet's New York.
Financing completed with Goldman Sachs-affiliated funds.
Transaction refinances senior debt, enhancing cash flow potential.
Fouquet's New York is a minority holding of AGREE, a Hyperscale Data subsidiary.
Property aims to become an iconic destination in New York City.
Hyperscale Data trades on NYSE American under ticker GPUS.
Hyperscale Data, Inc., known for its diverse portfolio, has bolstered its real estate ventures through AGREE’s minority stake in Fouquet's New York. The $145 million financing deal with Goldman Sachs-affiliated funds allows Fouquet's to refinance its senior debt at an attractive leverage level. This move not only optimizes the property’s financial structure but also positions it for substantial future cash flow growth, aligning with Hyperscale Data’s strategic objectives in the real estate sector.
Fouquet's New York is emerging as a standout property in New York City, designed to offer an exceptional guest experience. The recent financing underscores confidence in the property’s potential to become a landmark destination. “We are proud to hold a minority interest in what we believe will be an iconic New York property over the years to come,” said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. “The Fouquet's team has created a fantastic property that continually improves its guests' experience. We look forward to seeing how the property develops and grows within the community.”
As per the finance card above, Hyperscale Data (GPUS) is currently trading at $0.743 per share, with a market cap of approximately $14.17 million. The company’s diversified holdings span real estate, technology, and other sectors, making it a dynamic player in the market. The successful financing of Fouquet's New York through AGREE highlights Hyperscale Data’s ability to leverage strategic partnerships with major financial institutions like Goldman Sachs to drive growth and enhance shareholder value.
This $145 million financing deal marks a pivotal step for Hyperscale Data and its subsidiary AGREE, reinforcing their commitment to developing high-value real estate assets. As Fouquet's New York continues to evolve, it is set to contribute significantly to the company’s portfolio and the broader New York City hospitality landscape.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ("AI") ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects to divest itself of ACG (the "Divestiture") on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company's filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
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