Hyperscale Data's subsidiary, BitNile.com, has announced the launch of the Nile Coin on the Solana Blockchain as of May 3. BitNile.com, which is based in the U.S. and focuses on social gaming, has created 500 billion Nile Coins. By May 8, the market value of these coins reached nearly $164.5 million, with each coin priced at approximately $0.000329 on decentralized exchanges that utilize Solana, particularly through the primary liquidity pool on Raydium.
Initially, BitNile.com contributed 100 million Nile Coins and 11 SOL to this liquidity pool. So far, they have sold around 76.6 million of the minted coins. Currently, about 23.4 million Nile Coins and 47 SOL remain in their liquidity pool, represented through the company's liquidity pool tokens.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Hyperscale Data Inc (GPUS, Financial) is $41,250.00 with a high estimate of $41,250.00 and a low estimate of $41,250.00. The average target implies an upside of 522,051.90% from the current price of $7.90. More detailed estimate data can be found on the Hyperscale Data Inc (GPUS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Hyperscale Data Inc's (GPUS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hyperscale Data Inc (GPUS, Financial) in one year is $1.89, suggesting a downside of 76.08% from the current price of $7.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hyperscale Data Inc (GPUS) Summary page.
