GPUS is trading 5% down at $0.15 after Hyperscale Data established a $120 million reserve account for its Michigan AI data center campus, triggering investor fears regarding a planned at-the-market equity offering.
- The expansion project covers infrastructure, construction, and capital expenditures, but the associated equity offering is raising significant dilution concerns for the heavily sold-off penny stock.
- This drop extends a sharp multi-day slide from $0.36 on June 18, as the market continues to reprice the company's capital structure and AI transition strategy.
- The company plans to provide monthly progress reports on the Michigan facility's development starting in July 2026.