Hyperscale Data said late Monday its wholly-owned subsidiary, Ault Global Commodities, has completed its first purchase of physical silver, acquiring 10,000 ounces of .999 fine silver bullion.

The transaction was executed through Ault Global's strategic partner, Scottsdale Mint, via a purchase and sale agreement, the company said.

This initial acquisition of silver under the agreement marks the launch of Hyperscale Data's precious metals strategy and its broader initiative to build a diversified commodities portfolio, the company added.