Hyperscale Data sold 100 bitcoin to fund the construction of its AI data center campus in Michigan, US. [claim:1]
The company also opened a new credit facility to fund the Michigan campus build. [claim:2] This facility allows Hyperscale Data to borrow against its remaining bitcoin holdings at variable rates expected to range from 4.5% to 5%. [claim:5]
Hyperscale Data's reported bitcoin holdings prior to monetizing 100 BTC.
Management stated that the credit facility structure provides access to non-equity capital while reducing dependence on short-term share issuance. [claim:6] Executive Chairman Milton 'Todd' Ault III said deploying bitcoin and borrowing against the treasury offered a more attractive source of capital than relying mainly on additional equity at the company's current valuation. [claim:7]
Hyperscale Data intends to preserve meaningful exposure to bitcoin. [claim:9] CEO William Horne described the approach as shifting one balance-sheet asset into another. [claim:10]
Revenue Projections and Capacity
The Michigan campus is expected to produce recurring cash flow as new AI capacity comes online. [claim:11] A customer of Hyperscale Data holds an option for an additional 32 megawatts. [claim:3]
If the 32-megawatt option is exercised within the first two years and extended across the full contract period, total expected revenue for Hyperscale Data would rise above $3 billion. [claim:4]
Hyperscale Data Inc. (NYSE: GPUS) is currently trading at $0.12 U.S. per share. [claim:12]