Hyperscale Data (GPUS) announced that its wholly owned subsidiary, Ault Capital Group, intends to purchase up to $10M in XRP, the digital asset developed by Ripple Labs and native to the XRP Ledger, by the end of 2025. The XRP, when purchased, will be deemed a crypto asset and held on the company’s balance sheet at fair value with changes recognized in operating expenses on the consolidated statements of operations. This strategic move is designed to support the company’s broader expansion into financial services through ACG.
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