Data Center · Bitcoin · U.S. · Decrypt
Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot
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Hyperscale Data has sold most of its Bitcoin holdings to help finance the expansion of its Michigan data center.
Key facts
- In an announcement on Friday, the Las Vegas-based company, which trades on the NYSE American under the ticker GPUS, said it sold approximately 685 Bitcoin for about $43 million
- Hyperscale said it still holds 275 Bitcoin, down from approximately 960 BTC before the sale
- According to the company, it has reduced its debt by approximately $30 million
- The Michigan facility is central to Hyperscale’s shift toward AI infrastructure
Summary
Hyperscale retained about 275 Bitcoin and plans to continue mining the cryptocurrency. In an announcement on Friday, the Las Vegas-based company, which trades on the NYSE American under the ticker GPUS, said it sold approximately 685 Bitcoin for about $43 million. Hyperscale said it plans to use the proceeds primarily to continue developing and expanding the Michigan facility.