Hyperscale Data (GPUS) said Monday that it signed a securities purchase agreement with Ault & Company that will provide up to $25 million of financing.

Under the terms of the deal, Hyperscale Data has agreed to issue and sell up to $25 million in shares of series G convertible preferred stock to Ault. Hyperscale said the shares will be senior to all other classes, except series C convertible preferred stock, which will have equal seniority.