Hyperscale Data said it sold its entire Bitcoin reserve on November 8, with the final disposal involving approximately 211.56 BTC at around $76,000 per coin. Since late July, the company said it sold roughly 1,113 BTC for approximately $74.4 million, with the proceeds intended for debt reduction and the construction of its Michigan artificial intelligence campus. It is targeting the first 10 megawatts of critical IT capacity to be energized in December while hiring Newmark to seek long-term financing that has not yet been committed. Its Montana Bitcoin mining operation continues, and future Bitcoin holdings are expected to come mainly from mining. Shareholders now need to assess the returns generated by the funded projects and future cash flows rather than the value of the disposed Bitcoin reserve.
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