Hyperscale Data, Inc. (AMEX:GPUS) shares surged in Monday's after-hours trading on increasing optimism about the company’s intentions to launch Nvidia Corp.’s (NASDAQ:NVDA) graphics processing unit cloud platform.
Access To Premium Nvidia’s GPUs
The stock rallied 33% after-hours, extending its gains from the regular trading session.
Last week, the company, which operates data centers for Bitcoin (CRYPTO: BTC) mining and hosting AI ecosystems, announced plans to launch an on-demand NVIDIA GPU cloud platform from its Michigan campus.
“We remain committed to running an artificial intelligence (“AI”) data center and Bitcoin mining operation side-by-side at our Michigan Facility,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data
The service offers instant access to NVIDIA’s high-end GPUs, such as the H100, B200 and B300, which are built for high-performance computing.
See Also: Amazon, SoFi, Hyperscale Data, Celestica And Qualcomm: Why These 5 Stocks Are On Investors’ Radars Today
More Efficient Bitcoin Mining Devices
Hyperscale also received its Bitmain S21+ mining units earlier this month and confirmed a new order for an additional 1,000 S21+ miners.
Notably, The Bitmain S21+’s are one of the most energy-efficient Bitcoin mining systems available on the market, offering better hashrate performance and power efficiency.
Price Action: At the time of writing, BTC was exchanging hands at $113,927.77, down 1.19% in the last 24 hours, according to data from Benzinga Pro.
Hypescale shares jumped 33% in after-hours trading after closing 24.48% higher at $0.4979 during Monday’s regular trading session. Year-to-date, the stock has plunged 90%.
Benzinga’s proprietary Edge Rankings show Growth as the strongest category for GPUS at 18.33/100. To see how the stock compares against other Bitcoin miners, click here.
Photo Courtesy: Jose Mario Bertero on Shutterstock.com
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