Hyperscale Data Sells St. Petersburg Development Property for $13 Million
LAS VEGAS, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE:GPUS), a diversified holding company ("Hyperscale Data," or the "Company"), today announced that its wholly owned indirect subsidiary, Third Avenue Apartments LLC, has completed the sale of its St. Petersburg development property (the "Property") for $13 million. This sale reflects the Company's ongoing commitment to reorganizing its holdings and becoming a pureplay data center business to support the growing demands of high-performance computing ("HPC") services powering Artificial Intelligence ("AI") solutions. Approximately $11 million of the funds received from the sale of the Property will be held in a segregated
