Hyperscale Data taps Morpho DeFi facility, borrows about $30 million against bitcoin at 4.9% rate
GPUS•Collateral terms and use of proceeds
Borrowings are overcollateralized, subject to collateral maintenance requirements, with liquidation triggers tied to collateral value.
Proceeds are earmarked for development of its Michigan AI data center campus, working capital, and general corporate purposes.
Bitcoin-backed borrowing facility via Morpho
Hyperscale Data implemented a Bitcoin-backed DeFi borrowing facility via the Morpho Protocol, pledging part of its Bitcoin holdings as collateral.
About $30 million was outstanding as of Aug. 2, 2026, at a variable interest rate of about 4.9%.
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