Hyperscale Data (GPUS) stock lifts in premarket after it flags $48.5 million bitcoin stash
Hyperscale Data shares rose about 4% in premarket trading Tuesday after the company disclosed its bitcoin holdings are valued at $48.5 million as of Jan. 25. The company reported holding 560 bitcoin, mostly through its Sentinum unit, and aims to reach $100 million in bitcoin on its balance sheet. Bitcoin hovered near $87,956, while major U.S.-listed crypto miners fell 5% to 6% early. Next earnings report is set for Feb. 19.