Hyperscale Data (GPUS, Financial) has revealed that starting around June 15, the $TRUMPmeme coin will be accepted

Hyperscale Data (GPUS, Financial) has revealed that starting around June 15, the $TRUMPmeme coin will be accepted

Hyperscale Data (NASDAQ:GPUS) subsidiary Bitnile will begin accepting the $TRUMP meme coin as payment starting around June 15, according to a recent report by Benzinga. The integration will allow users of the social-casino platform to purchase packages of the site's internal currency, Nile tokens, using the Solana-based cryptocurrency.

These tokens are used to play the various casino-like games, including slots, poker, and blackjack, available on Bitnile.com. However, it's crucial to remember that the tokens cannot be exchanged for cash or any direct prizes.

Moreover, when buying the Nile Package, players also receive Nile sweeps coins. These coins, which cannot be purchased, provide entries into sweepstakes that award prizes or cryptocurrency to a limited number of winners each month.

The move to accept $TRUMP aligns with Hyperscale Data's broader strategy to expand its revenue streams and attract a wider audience to its sweepstakes-based social-casino platform.

Hyperscale Data's average price target is $41,250.00

According to the one-year price targets set by 1 Wall Street analysts, the average Hyperscale Data Inc price target is $41,250.00 with a high price target of $41,250.00 and a low price target of $41,250.00. The average price target represents an upside of 589,185.71% from the last closing price of $7.00.

Get price ranges from multiple analysts for better accuracy!

The Terminal Terminalprovides real-time price ranges from top-rated analysts. It also includes price target details, articles, and more.

The average brokerage recommendation for Hyperscale Data Inc is currently 2.0, which indicates Outperform status. The ratings are on a scale of 1 to 5, with 1 being Strong Buy, 2 being Buy, 3 being Hold, 4 being Sell, and 5 being Strong Sell.

Hyperscale Data's estimated GF Value is $1.89

At the same time, the estimated GF Value is $1.89. This valuable measure, which can be found on the Summary page, is calculated using a unique formula that combines historical multiples, past earnings growth and the PE and g factor, and Wall Street analysts' price targets and earnings projections to arrive at an estimate for intrinsic value.

The GF Value is a helpful tool for investors who prefer to invest in fundamentally sound companies and use GARP (Growth And Value) investing strategies.

The chart above shows the price range of Hyperscale Data Inc over the past few months. It can be seen that the stock price is currently above the price range set by analysts.