Hyperscale Data Sells Remaining Bitcoin Reserve to Fund Michigan AI Buildout
Hyperscale Data said it sold its remaining Bitcoin reserves by November 8, including about 211.56 BTC at roughly $76,000 each, raising around $16 million. Sales since late July totaled approximately 1,113 BTC and $74.4 million; the figures do not establish a trading profit or loss. The company plans to use proceeds for debt reduction and its Michigan AI campus, while continuing Bitcoin mining in Montana. It is targeting December to energize the campus’s first 10 MW of IT capacity. A customer arrangement covers an initial 20 MW, but expansion depends on contractual conditions. The company has hired an adviser to seek long-term debt financing, which is not yet committed. Investors will need to assess whether construction, commissioning and customer revenue deliver returns on the capital deployed.
