Hyperscale Data Shares Rise 12% After XRP Acquisition Announcement
Shares of Hyperscale Data (GPUS) increased by up to 12% after the company confirmed it has begun acquiring XRP. This follows its plan to invest up to $10 million in the token as part of a digital asset strategy.
- The company views XRP as essential for cross-border value transfer and financial infrastructure.
- Milton “Todd” Ault III, Executive Chairman, described XRP as a foundational asset in the global financial ecosystem.
- Hyperscale will provide weekly updates on its digital assets starting August 12, detailing XRP holdings and activities.
- A 36-month lockup for XRP reserves is under consideration, with potential to increase the $10 million investment based on market conditions.
- The stock closed at $0.7835, up 7.5%, after reaching a high of $0.82 during the session.