Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million Treasury
By Micah Zimmerman
AI summary of the source article
Hyperscale Data has sold its remaining 211.56 bitcoin for roughly $16 million to pay down debt and fund an AI data center in Michigan. Since late July, the company has unloaded approximately 1,113 bitcoin for about $74.4 million.
Why it matters
CEO Will Horne stated: "Selling our Bitcoin reserves reduces our exposure to Bitcoin price swings and gives us cash to pay down debt and fund the work in Michigan. We believe that’s the best use of this capital for all our stockholders."
Key facts
- Hyperscale Data sold its final 211.56 BTC by November 8 at approximately $76,000 per coin, raising around $16 million.
- Since late July, the company has sold approximately 1,113 bitcoin for roughly $74.4 million at an average of $66,800 per coin.
- Proceeds will help pay down debt and support a Michigan facility aiming to energize 10 megawatts of IT capacity in December.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million Treasury Hyperscale Data sold its remaining 211.56 bitcoin for about $16 million by Nov. 8, bringing sales since late July to about 1,113 BTC as it races to energize 10 MW of AI capacity in Michigan in December. This post Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Cen…