Hyperscale Data sells 100 Bitcoin to fund AI data center buildout in Michigan

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Hyperscale Data, a company listed on NYSE American under the ticker GPUS, sold approximately 100 Bitcoin from its corporate treasury to fund the construction of an AI data center in Michigan. The company signed a 10-year master services agreement with a neo-cloud AI infrastructure provider, committing to deliver an initial 20 megawatts of AI compute capacity for potential revenue exceeding $1.2 billion, expandable to $3 billion with an additional 32-megawatt expansion. Hyperscale still holds over 1,000 BTC in reserve, valued between $65 million and $71 million at the time of the announcement. The company also established a Bitcoin-backed credit facility with variable interest rates between 4.5% and 5.0%.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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