Latest news with #TurnOnGreen
Globe and Mail
2 days ago
- Business
- Globe and Mail
Hyperscale Data Subsidiary TurnOnGreen Achieves $7.5 Million Backlog as Demand Grows for Mission-Critical Power Solutions
LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (' Hyperscale Data ' or the ' Company '), today announced significant growth within its power electronics subsidiary, TurnOnGreen, Inc. (' TurnOnGreen '). TurnOnGreen's operating subsidiary, Digital Power Corporation (' DPC '), has expanded its contracted backlog to $7.5 million, reflecting sustained demand for its high-performance, mission-critical power systems across key industries, including defense, industrial, medical, and telecommunications. TurnOnGreen and DPC design and manufacture custom, scalable power solutions tailored to the complex requirements of a global customer base. Their advanced uninterruptible power supplies and integrated power platforms support applications on land, at sea, and in the air. These systems are engineered to meet rigorous environmental and operational standards, making them essential to mission-critical defense and OEM programs worldwide. 'We are extremely pleased with the progress the TurnOnGreen team has made in growing the business while streamlining operations and driving toward profitability,' said Milton 'Todd' Ault III, Founder and Executive Chairman of Hyperscale Data. 'Their ability to earn customer confidence through exceptional products and performance is reflected in this expanding backlog. We look forward to their continued success in building out both their contract portfolio and global customer base.' 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 or available at 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 artificial intelligence (' 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 expects to divest itself of ACG on or about December 31, 2025 (the ' Divestiture '). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. 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, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through 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 Convertible 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 stockholders 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 and on the Company's website at
Associated Press
2 days ago
- Business
- Associated Press
Hyperscale Data Subsidiary TurnOnGreen Achieves $7.5 Million Backlog as Demand Grows for Mission-Critical Power Solutions
LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ('Hyperscale Data' or the 'Company'), today announced significant growth within its power electronics subsidiary, TurnOnGreen, Inc. ('TurnOnGreen'). TurnOnGreen's operating subsidiary, Digital Power Corporation ('DPC'), has expanded its contracted backlog to $7.5 million, reflecting sustained demand for its high-performance, mission-critical power systems across key industries, including defense, industrial, medical, and telecommunications. TurnOnGreen and DPC design and manufacture custom, scalable power solutions tailored to the complex requirements of a global customer base. Their advanced uninterruptible power supplies and integrated power platforms support applications on land, at sea, and in the air. These systems are engineered to meet rigorous environmental and operational standards, making them essential to mission-critical defense and OEM programs worldwide. 'We are extremely pleased with the progress the TurnOnGreen team has made in growing the business while streamlining operations and driving toward profitability,' said Milton 'Todd' Ault III, Founder and Executive Chairman of Hyperscale Data. 'Their ability to earn customer confidence through exceptional products and performance is reflected in this expanding backlog. We look forward to their continued success in building out both their contract portfolio and global customer base.' 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 or available at 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 artificial intelligence ('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 expects to divest itself of ACG on or about December 31, 2025 (the 'Divestiture'). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. 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, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through 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 Convertible 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 stockholders 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 and on the Company's website at Hyperscale Data Investor Contact: [email protected] or 1-888-753-2235
Yahoo
3 days ago
- Business
- Yahoo
TurnOnGreen Expands Contract Portfolio with $7.5 Million Backlog
Mission-Critical Mobile Communications UPS provided by Digital Power Corporation T2C2 (Transportable Tactical Command Communications) System Provided by Digital Power Corporation MILPITAS, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- TurnOnGreen, Inc. (OTC: TOGI) ('TurnOnGreen' or the 'Company'), together with its division Digital Power Corporation ('DPC'), a recognized leader in custom-engineered power solutions, announced that its contract backlog has grown to $7.5 million. This expanded backlog reflects strong demand for DPC's innovative, mission-critical power systems across multiple industries, including military and defense, industrial, medical, e-mobility, and telecommunications. The awarded contracts involve the design and production of advanced, ruggedized power systems engineered to perform reliably in extreme environments while meeting stringent operational requirements. TurnOnGreen and DPC specialize in custom, scalable solutions tailored to the unique needs of its global customer base. Their high-grade uninterruptible power supplies and integrated power platforms are deployed across diverse sectors, including land, sea, and airborne applications. These systems especially support essential military operations by meeting strict environmental and operational standards required by global defense OEMs. 'Digital Power's proven track record in delivering complex and bespoke power solutions is a testament to our commitment to technical innovation and customer satisfaction,' said Amos Kohn, Chairman and CEO of TurnOnGreen. 'This growing backlog not only reflects the trust our customers place in us, but also reinforces our dedication to consistently meet demanding specifications, tight timelines, and budget requirements across diverse industries and market sectors.' About TurnOnGreen TurnOnGreen Inc. (OTC:TOGI) designs and manufactures innovative, high-performance power solutions for mission-critical applications in some of the world's most demanding environments. Serving diverse industries, including defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility, TurnOnGreen seeks to deliver cutting-edge, reliable power technologies tailored to meet complex operational needs. With over 50 years of expertise, TurnOnGreen leverages decades of experience to develop customer-driven solutions that drive innovation and efficiency. The company collaborates closely with clients to engineer advanced products that enhance performance, sustainability, and reliability across multiple sectors. TurnOnGreen is headquartered in Milpitas, CA. For more information, visit 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 including a change in future projected revenue due to modification or cancellation of orders. 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 and on the Company's website at TurnOnGreen Investor Contact:IR@ or (877) 634-0982 Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
