Connect with us

Technology

Hyperscale Data to Host Conference Call to Discuss Positive Michigan AI Data Center Developments and Montana Expansion Opportunities and Long-Term Growth Strategy

Published

on

Conference Call to Review Approximately 590 MW of Data Center Development Potential and Discuss Future Role of Up to 750 MW of Small Modular Nuclear Reactor Capacity in Montana 

LAS VEGAS, June 22, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that Executive Chairman Milton “Todd” Ault III and Chief Executive Officer William Horne will host a conference call for stockholders and interested parties on Wednesday, June 24, 2026, at 2:30 PM PT.

The conference call will provide an update on recent developments at the Company’s Michigan AI data center campus and planned Montana operations, along with management’s long-term strategy for expanding its infrastructure platform.

Management plans to discuss progress at the Company’s Michigan AI campus, which is being developed with a long-term target of up to 340 megawatts (“MW”) of power capacity. The Company also expects to provide an update on its Montana operations, where recent utility-related developments have created a potential path to up to 125 MW of capacity at each of its two Montana locations, representing an additional 250 MW of future development potential. The potential power increase would be incremental over time, subject to regulatory approvals, financing, infrastructure availability, engineering studies, utility agreements and other factors.

To that end, management will also discuss the potential role that Small Modular Reactors (“SMR”), a next-generation nuclear power technology, may play in the Company’s future Montana development plans. As demand for AI computing continues to accelerate, the Company believes that access to scalable, reliable and cost-effective power solutions will be a critical differentiator, and management looks forward to sharing the Company’s views on how SMR nuclear technology could support Hyperscale Data’s long-term growth strategy.

Together, these opportunities represent a long-term vision of up to approximately 590 MW across the Company’s Michigan and Montana assets, positioning Hyperscale Data to help meet growing demand for artificial intelligence, high-performance computing and next-generation digital infrastructure.

Conference call topics are expected to include the following;

Recent developments involving the Michigan AI data center campus;Long-term plans relating to the potential development of up to 340 MW in Michigan;Montana expansion opportunities and future development initiatives associated with the Company’s two Montana locations, including the potential use of SMR’s;Power infrastructure development and utility-related initiatives;Market demand trends for artificial intelligence, cloud computing and high-performance computing infrastructure;Robotics and embodied AI initiatives associated with the Michigan campus;The Company’s Bitcoin treasury strategy and broader infrastructure initiatives; andA question-and-answer session with management.

“The future of AI belongs to those who can secure the power needed to support it,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “On this conference call, we will discuss the significant recent developments at our Michigan AI data center campus, the new expansion opportunities emerging at our Montana locations, and our long-term vision for supporting next-generation AI infrastructure.”

Will Horne, Chief Executive Officer of Hyperscale Data, added, “Our management team is excited to provide stockholders with greater insight into the opportunities across our infrastructure portfolio. We remain focused on executing our strategy, advancing development initiatives and positioning the Company to capitalize on increasing demand for AI-related infrastructure and power resources.”

The Company cautions you that these expansion concepts remain preliminary and subject to numerous risks and uncertainties, and there can be no assurance that any expansion capacity will ultimately be available, developed, financed, approved, economically viable or otherwise initiated or continued.

Stockholders and other interested parties are encouraged to register for the webcast at this link https://us06web.zoom.us/webinar/register/WN_12LNAeAqSBu2qYbtp_OBxg.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyperscale-data-to-host-conference-call-to-discuss-positive-michigan-ai-data-center-developments-and-montana-expansion-opportunities-and-long-term-growth-strategy-302805998.html

SOURCE Hyperscale Data Inc.

Continue Reading

Technology

CGI announces private offering of C$500 million, in aggregate, of 3.25 year and 4.75 year senior unsecured notes

Published

on

By

Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

MONTREAL, Sept. 9, 2026 /PRNewswire/ — CGI (TSX: GIB.A) (NYSE: GIB) announced today that it has priced an offering of Canadian dollar denominated senior unsecured notes in two series.

CGI will issue C$500 million in aggregate principal amount of senior unsecured notes, consisting of C$250 million aggregate principal amount of 3.25 year notes and C$250 million aggregate principal amount of 4.75 year notes. The 3.25 year notes will bear interest at the rate of 4.195% per annum and 4.75 year notes will bear interest at the rate of 4.484% per annum. The offering is expected to close on or about September 14, 2026, subject to customary closing conditions.

The net proceeds from the offering are expected to be approximately C$497.3 million after deducting the agents’ fees and estimated offering expenses. CGI intends to use the aggregate net proceeds from the offering to repay existing indebtedness and for general corporate purposes.

The notes are being offered in Canada on an agency basis by a syndicate of agents led by Scotia Capital Inc., Desjardins Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc.

The notes will be offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements of applicable securities laws. The notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the notes in the United States or any other jurisdiction where such offering or sale would be unlawful.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2025 reported revenue is $15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements

This press release contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI’s intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as “believe”, “estimate”, “expect”, “intend”, “anticipate”, “foresee”, “plan”, “predict”, “project”, “aim”, “seek”, “strive”, “potential”, “continue”, “target”, “may”, “might”, “could”, “should”, and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues, inflation, tariffs and/or trade wars) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services to address emerging business demands and technology trends (such as artificial intelligence), to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, legal and operational risks inherent in contracting with government clients, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce our carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, including through the use of artificial intelligence, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, our ability to declare and pay dividends, interest rate fluctuations and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI’s annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI’s annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI’s annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

View original content:https://www.prnewswire.com/news-releases/cgi-announces-private-offering-of-c500-million-in-aggregate-of-3-25-year-and-4-75-year-senior-unsecured-notes-302874496.html

SOURCE CGI Inc.

Continue Reading

Technology

Yutong Opens Its First Comprehensive Service Center in Europe

Published

on

By

The Norway-based facility integrates maintenance, inspection, and parts supply to support battery-electric bus fleets throughout the vehicle lifecycle

STOKKE, Norway, Sept. 10, 2026 /PRNewswire/ — Yutong Bus officially opened its first Yutong Service Center (the “Center”) in Europe on September 8 in Stokke, Norway, integrating vehicle delivery, after‑sales service, spare parts supply, and professional training into one hub.

As Norway advances its transition to electric public transport, the Center will enhance maintenance capabilities, compliance inspections, and local service responsiveness for pure electric buses, offering customers a more direct service option and delivering systematic support for fleet operations across their full lifecycle.

Covering approximately 38,941 square meters with a building area of 6,074 square meters, including a 2,300‑square‑meter parts warehouse, the Center integrates brand display, vehicle delivery, after‑sales service, parts supply, and training facilities, delivering all‑around customer support. Built around Yutong as the core, the Center consolidates multi‑dimensional service functions and complements existing local partners and service channels, offering customers more direct, flexible issue resolution and service options.

“The service center is positioned as a comprehensive, centralized service hub, with a large inventory of parts, inspection facilities, professional service bays, and dedicated training equipment,” said Jack Li, CEO of Yutong Central and Northern Europe. “Through efficient operations, we aim to help reduce customers’ total cost of ownership and maximize bus uptime. By strengthening partnerships and expanding service coverage, we aim to deliver cost-effective services and create shared value while helping make public transport greener, smarter, and more inclusive.”

One‑stop service ecosystem: from parts supply to integrated service support across the fleet lifecycle

With the local service center and dedicated on‑ground team, Yutong consolidates parts supply, fault diagnostics, maintenance, and professional training into a single service system, improving service efficiency and delivering full‑lifecycle fleet support for Norwegian passenger transport and bus operators. The Center features a comprehensive reception area, maintenance and repair zone, parts storage area, hands-on training space, vehicle display area, and brand experience zone, offering local customers an integrated service package spanning everything from vehicle sales and delivery to after‑sales repairs, parts supply, and technical training.

The Center features seven standardized maintenance bays, as well as dedicated bays for powertrain and large-component repairs, equipped with four‑post lifts, an electronic laser wheel alignment system, a brake tester, and a heavy‑duty tire balancer. It offers repair capabilities for chassis, electrical and high‑voltage systems, powertrains, air conditioning, and interiors, and can also handle non‑severe accident vehicles, alcohol interlocks, and tachographs.

Built to EU standards, the Center includes a dedicated bus inspection line for Norway’s mandatory PKK annual inspections, featuring a 31.5‑meter pit, two 16‑ton pit jacks, and equipment for brake, lighting, side‑slip, and OBD testing, covering chassis, braking, safety devices, onboard diagnostics, and powertrain compliance. By conducting inspections, fault diagnosis, and safety checks locally, the Center helps customers reduce fleet downtime and lower operating costs.

It also has a 2,300‑square‑meter parts warehouse, covering 4,500 SKUs of Yutong genuine parts for battery, motor and electronic control systems, powertrains, chassis, steering systems, pneumatic and hydraulic systems, interior and exterior trim, wear parts, and maintenance consumables.

With local stock and regional distribution center replenishment, the Center reduces parts sourcing and repair waiting times, improving vehicle uptime and minimizing fleet downtime losses. All parts are backed by consistent quality and warranty standards, supported by a local engineering team delivering parts supply, diagnostics, and maintenance services.

Building local expertise: service, training, and long‑term fleet support

The Center also includes theoretical training rooms and hands-on training areas, with instruction led by experienced trainers. Equipped with a comprehensive whole-vehicle training platform for pure electric buses and dedicated training units for air conditioning, EBS braking, heaters, battery, motor and electronic control systems, and rear-axle disassembly, the Center supports training in component identification, operating principles, simulation, and fault diagnosis. The training equipment uses core assemblies and components sourced from actual vehicles, enabling customers’ maintenance technicians to apply what they learn directly to real-world repairs.

Through its local team, standardized maintenance and inspection procedures, parts inventory and training capabilities, Yutong continues to deliver on its “EnRoute+” global service commitment. As Yutong’s first comprehensive service center in Europe, the facility further underscores the company’s long-term commitment to serving European customers. Building on the Norway service center, Yutong will continue to advance its localized service approach in markets including the Netherlands, Chile, Kazakhstan and Saudi Arabia. These efforts will strengthen local capabilities in electric bus repair, maintenance and inspection, improve service responsiveness, create more high-quality local jobs and support the electrification and low-carbon transition of public transport.

For more information on Yutong Service Center and “EnRoute+” global service commitment, please visit https://en.yutong.com/.

SOURCE Yutong Bus

Continue Reading

Technology

Stablecoin Summit 2026 by XREX Group Returns to Singapore as Stablecoins Mature Into a Financial Infrastructure

Published

on

By

SINGAPORE, Sept. 10, 2026 /PRNewswire/ — Stablecoin Summit 2026, Asia’s premier event for stablecoin innovation, organised and hosted by XREX Group for the fourth consecutive year, returns to Andaz Singapore on 8 October 2026, bringing together the stablecoin industry’s most senior decision-makers.

“Stablecoins have become an independent industry, and we are witnessing it move toward a trillion-dollar market,” said Wayne Huang, Co-founder and Group CEO of XREX Group, host of Stablecoin Summit. “Real-world adoption is creating momentum for deeper financial integration. As blockchain finance and traditional finance converge, interoperability across stablecoins will become increasingly important. Stablecoins are redefining how money moves, clears, and settles. That is why we created Stablecoin Summit as a dedicated platform for this industry.”

Ranked the world’s most crypto-friendly city in 2026, Singapore has built one of Asia’s deepest regulated stablecoin markets. The city-state has consistently moved early on financial innovation, with 37 licensed digital payment token firms and MAS-led Project BLOOM testing stablecoins for domestic and cross-border settlement. This combination of regulatory clarity, financial expertise and a willingness to test new models in practice provides a strong setting for discussions on the future of stablecoins.

“XREX Singapore is a regulated Major Payment Institution licensed by the MAS, giving us a firsthand view of how regulation, technology and business needs are converging around stablecoins,” said Winston Hsiao, Co-founder and Group CRO of XREX Group. “The evolution of the speakers and participants at our Summit reflects the evolution of the industry itself. From crypto-native players to banks, financial institutions and regulators, the people at the table today tell the story of how stablecoins have moved into mainstream finance.”

In its fourth edition, Stablecoin Summit will feature more than 30 speakers and over 600 attendees from across the financial industry, bringing together senior leaders from stablecoin issuers, banks, payment providers, asset managers, and institutions, as well as regulators and policymakers. Key discussions will explore institutional adoption, the development of new stablecoin models and currencies, cross-border financial infrastructure, and the regulatory and trust frameworks needed for the industry to scale.

Confirmed speakers include:

Wayne Huang, Co-founder and Group CEO, XREX GroupWinston Hsiao, Co-founder and Group CRO, XREX GroupMaximilian Roszko, Business Development, Curve FinanceMichal Selbka, Director, DeFi and Digital Assets, S&P Global RatingsStani Kulechov, Founder and CEO, Aave LabsHassan Ahmed, Country Director, Singapore, CoinbaseRaja Chakravorti, Chief Business Officer, Stellar Development FoundationBhaumik Kotecha, Co-founder of Paxos LabsWill Nuelle, General Partner, Galaxy VenturesTushar Gulhane, Regional Lead, SAP

“Thanks to the foresight of our hosts, XREX Group, Stablecoin Summit Singapore has been fully focused on real-world applications, institutional adoption and payments since our first edition in 2023. Singapore’s role as a banking hub, regional HQ, and home away from home for millions of workers makes it a natural home for the stablecoin conversation in APAC. The summit’s role is to connect the institutions, fintech firms and stablecoin issuers moving the money of tomorrow, accelerating the adoption of stablecoins in Singapore and APAC,” said Zachary John, Founder and CEO of Party Action People, the key event partner of Stablecoin Summit since its inception.

Stablecoin Summit 2026 is supported by title sponsors Curve and Bridge, with support from S&P Global Ratings, Enterprise Ethereum Alliance, Midas, Frankencoin, Stellar, Spark, f(x) Protocol, Nara and Accountable.

Registration and the full agenda are available at stablecoinsummit.com.

About XREX Group:

XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX Group offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan is a regulated VASP that completed its Compliance Declaration on Anti-Money Laundering (AML) with Taiwan’s Financial Supervisory Commission (FSC) in March 2022. It passed its AML registration with the FSC in September 2025, becoming one of ten approved VASPs.

About Party Action People:

Party Action People is the Singapore-based event agency behind the stablecoin industry’s most talked-about gatherings — built to bring issuers, central banks, DeFi protocols, and TradFi institutions into one room to get real deals done, not just swap business cards. Since 2021, the team has produced Stable Summit (launched Paris, 2023), Stablecoin Summit — now heading into its Singapore edition on 8 October 2026 at Andaz Singapore — plus Vault Summit, Agentic Finance Day, and the Blockchain Oracle Summit. Past speakers span Tether, Anchorage Digital, EY, Mastercard, PayPal, Western Union, Curve, MakerDAO, Circle and Frax.

Media contact: Yoyo Yu
Email: yoyoyu@xrex.io

Media contact: Vasundhara Singh
Email: vasundhara@yapglobal.com

Media contact: Mansha Bakshi
Email: mansha@yapglobal.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/stablecoin-summit-2026-by-xrex-group-returns-to-singapore-as-stablecoins-mature-into-a-financial-infrastructure-302874544.html

SOURCE XREX Group

Continue Reading

Trending