Why These Defense Stocks Are Gaining This Week

4. Hyperscale Data, Inc. (NYSE:GPUS)

Weekly Gains: 5.00%

Hyperscale Data, Inc. (NYSE:GPUS) is an advanced data center solutions provider. Its services include data center management, colocation, cloud hosting, and managed services solutions.

The company also provides customized solutions for military markets in different parts of the world. In December last year, its subsidiary, TurnOnGreen, was awarded a $3.9 million defense contract related to tactical power switching and charging systems, defense-grade power conversion modules, and proprietary power distribution solutions.

Hyperscale Data, Inc. (NYSE:GPUS)’s share price has gained 5% over the past week after the company announced on February 19 that it had reached an agreement with Key Utility to expand the data center in Michigan from 30 MW to 300 MW. This is expected to allow the company to significantly advance its artificial intelligence infrastructure.

On February 18, Hyperscale Data, Inc. (NYSE:GPUS) also declared a monthly cash dividend of $0.2708333 per share of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock.