Hyperscale Data to Buy 100,000 Ounces Silver, Raise $35.4M in 13% Preferred
Hyperscale Data will acquire up to 100,000 ounces of silver via dollar-cost averaging using on-hand liquidity to bolster its long-term treasury assets alongside Bitcoin. It also established an at-the-market deal to issue $35.4 million of 13% Series D preferred stock, chiefly funding digital assets and precious metals.
1. Silver Reserve Program
Hyperscale Data announced a strategic initiative to accumulate up to 100,000 ounces of silver over time using on-hand liquidity and other funding sources. Purchases will follow a dollar-cost averaging approach to mitigate price volatility while enhancing the company's long-term asset portfolio.
2. Preferred Stock Offering
The company entered an at-the-market sales agreement to issue up to $35.4 million of 13% Series D cumulative redeemable perpetual preferred stock. Proceeds are primarily allocated for digital assets like Bitcoin and precious metals, with a portion earmarked for working capital and corporate needs.
3. Treasury and Asset Strategy
These moves align with Hyperscale Data’s broader treasury strategy focused on building balance sheet resilience through diversified asset accumulation. Management’s approach mirrors its Bitcoin acquisition plan, reinforcing a long-term focus on alternative assets alongside its AI-dedicated data center operations.