Hyperscale Data sets up Bitcoin-backed credit facility with rates seen at 4.5%-5% - GPUS News | RalliesHyperscale Data sets up Bitcoin-backed credit facility with rates seen at 4.5%-5%
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GPUS• Bitcoin-backed credit facility to fund Michigan AI data center campus
- Hyperscale Data established a Bitcoin-backed credit facility to help fund development of its Michigan AI data center campus.
- The facility allows borrowing at variable rates expected to range from about 4.5% to 5.0%.
- Bitcoin holdings can be pledged as collateral, aiming to raise non-equity capital while limiting shareholder dilution.
