Hyperscale Data sells remaining Bitcoin reserves to reduce debt and fund Michigan AI data center
GPUS•Hyperscale Data sold 211.56 bitcoin for gross proceeds of $16 million. It will use the proceeds to pay down debt and fund development of its Michigan AI data center.
1. Bitcoin sale
Hyperscale Data sold its remaining bitcoin reserves, totaling 211.56 bitcoin, for gross proceeds of $16 million. The company said it will use the proceeds to pay down debt and fund development of its Michigan AI data center. It continues bitcoin mining at its Montana site and said future bitcoin holdings will come from its own mining operations.
