Hyperscale Data Shares Climb on XRP Treasury Launch, $10M Allocation Plan in Motion

Hyperscale Data (NASDAQ: GPUS) surged as much as 12% on Monday after announcing it has officially begun acquiring XRP as part of its newly activated $10 million cryptocurrency treasury initiative.

In a statement released July 28, the company confirmed its commitment to integrating XRP into its long-term digital asset strategy. Executive Chairman Milton “Todd” Ault III described the token as a “cornerstone asset” for cross-border value movement and global finance infrastructure, signaling confidence in XRP’s utility.

The firm plans to issue weekly digital asset reports beginning August 12, detailing XRP holdings and related treasury activity. Additionally, management is considering locking up its XRP allocation for 36 months and potentially expanding the $10 million limit based on evolving market dynamics and funding opportunities.

GPUS stock closed the day up 7.5% at $0.7835, after reaching an intraday high of $0.82, reflecting investor enthusiasm surrounding the company’s strategic crypto deployment.