Hyperscale Data Sells 100 Bitcoin to Fund Michigan AI Data Center Linked to $1.2 Billion Contract
Hyperscale Data sold roughly 100 bitcoin and secured a bitcoin-backed credit facility to finance construction of a new artificial intelligence data center in Michigan. The company is liquidating part of its digital asset reserves while using the remaining holdings as collateral for the financing arrangement.
The data center project is tied to a contract that Hyperscale Data said could exceed $1.2 billion if fully extended. The NYSE American-listed firm reported its bitcoin treasury reached 1,106 coins, valued at about $71.7 million as of July 27, with a subsidiary managing the assets planned for a 2027 spin-off.
From the sources (3 posts)
@theblockcoTHE BLOCK: Hyperscale Data said its bitcoin treasury reached 1,106 bitcoin worth about $71.7 million as of July 27. The NYSE American-listed AI data center firm added 15 bitcoin over the past week through the subsidiary it plans to spin of
@updatecrypt24_7UPDATE🌍: $Hyperscale Data MONETIZED 100 BTC, SECURED BITCOIN-BACKED CREDIT FACILITY FOR MICHIGAN AI DATA CENTER VIA $1.2B+ AGREEMENT, per media reports.
@theblockcoTHE BLOCK: Hyperscale Data sold roughly 100 bitcoin and opened a bitcoin-backed credit facility to fund its Michigan AI data center. The bitcoin-anchored company said it is redeploying part of its treasury into AI infrastructure while borr