Hyperscale Data, Inc. recently restarted Bitcoin mining operations through its wholly-owned subsidiary, Sentinum, Inc., at its facility in rural Montana. In fact, Sentinum, Inc. has already proven the technology on a successful backcharging record of 10 megawatts. That paves the way for the deployment of some 3,200 Antminers. Restarting idled mining operations would both improve margins and raise tax and royalty revenue. It’s a smart financial play to take advantage of this past month’s surge in Bitcoin’s value.

Hyperscale Data, Inc. is ready to roll again! The diversified holding company, which trades on the NYSE American exchange under the ticker GPUS, said today that it has restarted Bitcoin mining operations at its facility in rural Montana. The operations are being re-launched by its wholly-owned subsidiary, Sentinum, Inc.

Sentinum, Inc. has so far reenergized enough power at the Montana site to return about 10 megawatts back in service. The company expects to gradually ramp up to full operations by July 2025 with an expected ramp-up of production. Its max capacity is said to hold in the range of 3,200 Antminers.

In early March, the company announced its decision to resume mining operations. This decision is fueled by the recent increase in Bitcoin prices and the opportunity to profitably utilize excess power capacity. Hyperscale Data is confident that vintaging Bitcoin mining will strengthen its bottom line.

On December 23, 2024, Hyperscale Data also issued one million shares of Series F Exchangeable Preferred Stock. This distribution was made to all holders of common stock and holders of the Series C Convertible Preferred Stock, on an as-converted basis.

Hyperscale Data's CEO, Will Horne, commented on the resumption of Bitcoin mining operations and the company's strategic goals.

"We are excited to announce the resumption of Bitcoin mining operations in Montana and are happy with the execution from the Sentinum team." - Will Horne, Chief Executive Officer of Hyperscale Data

Horne mentioned the positive current market conditions for BTC that prompted the decision to restart mining operations.

"This year, the appreciation of Bitcoin has slightly outpaced the increase in the difficulty to mine Bitcoin. Bringing Bitcoin mining operations back online in Montana will help with Sentinum’s operational flexibility while increasing top line revenues and capitalizing on the recent appreciation in the price of Bitcoin." - Will Horne, Chief Executive Officer of Hyperscale Data

The planned restart of mining operations would give Sentinum an important operational flexibility. Hyperscale Data is optimistic that this strategic move will accelerate top-line revenues. The developer now appears poised to cash in on Bitcoin’s red hot gold rush.

Their ambitions largely center around using the company’s existing infrastructure and resources to create a new revenue stream by mining Bitcoin. After ceasing operations in 2017, Sentinum, Inc. has continued to improve their technologies, processes and infrastructure with work to prepare for reopening the mine and restarting mineral extraction.

By re-entering the Bitcoin mining space, Hyperscale Data seeks to diversify its revenue streams and participate in the digital asset market. One part of the company’s management hopes that Bitcoin mining will prove a profitable sidelight. In part, they are inspired by strong recent trends in the nascent cryptocurrency market.

The facility in Montana provides Sentinum a unique opportunity to access competitively priced power. This third factor is extremely important to overall profitability for Bitcoin miners. In the last few years, the company has focused on getting good power contracts in place to mine as efficiently as possible.

Hyperscale Data’s move back into Bitcoin mining is part of a growing trend of companies looking to tap the significant opportunities in the cryptocurrency space. Bitcoin’s price is beginning to rebound. Accordingly, many companies are excited about the possibilities and opportunities that exist through digital assets.

Second, the company is doubling down on operational efficiency. This type of strategic decision-making will continue to increase the odds its Bitcoin mining venture becomes a big success. Hyperscale Data has an unwavering commitment to delivering value to its shareholders through all of its business endeavors.

Hyperscale Data and Sentinum, Inc. recently restarted their Bitcoin mining operations. This decision is a giant leap forward in their efforts to find avenues for expansion within the digital asset industry. Despite the market conditions, the company’s management is bullish about the future of its Bitcoin mining operations. They think these operations will bring in lucrative returns.

How the market has reacted to Hyperscale Data’s recent announcement of a new deal for them has certainly caught the attention of investors and industry watchers. The company’s stock performance and financial results will be important barometers of the success of its Bitcoin mining business.

As with all of Hyperscale Data’s Bitcoin mining reporting, its performance and results will be periodically reported in forthcoming quarterly reports and other announcements. The company still believes in the value of transparency and honest communication with its stakeholders.