Everyone is looking to cash in on the GPU and AI craze, even a cannabis company. Last month, the Colorado based American Cannabis Company agreed to acquire HyperScale Nexus Holding […]
It smells like a cynical stock move by people that own a publicly trading weed company and a holding company.
American Cannabis is a consulting firm that helps companies mainstream cannabis operations, such as cultivation and navigating the regulated market. The publicly listed company closed Oct. 24 at $0.024 in over-the-counter markets.
HyperScale Nexus, based in Nevada and formed in July 2023, describes itself as a holding company interested in the AI and HPC markets.
HyperScale is leasing 30,000 Nvidia H100 chipsets for eighteen months from xFusion and its distributor, a deal that ends in February 2025. HyperScale Nexus provides 128 Nvidia H100 GPUs to Silicon Tech Park, which builds data centers in Thailand.
Makes about as much sense as a book store doing it, or delivering your groceries.
It smells like a cynical stock move by people that own a publicly trading weed company and a holding company.
Weed company trades OTC and stock price tripled on the news before dumping back to 2 cents.