Bitcoin · CryptoSlate
Bitcoin treasury Hyperscale sells 686 BTC to clear loans but confirms cash won’t cover next 12 months
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In August 2026, Hyperscale Data sold approximately 686 Bitcoin for about $43.4 million, then used part of the proceeds to repay all of its Bitcoin-backed loans on Morpho, a decentralized lending protocol, according to its quarterly filing.
Key facts
- As of June 30, Hyperscale had roughly $16 million of Morpho borrowings secured by cbBTC with a carrying value of about $25.4 million
- Hyperscale reported $36.8 million in cash and cash equivalents against $201.7 million in current liabilities as of June 30
- In August 2026, Hyperscale Data sold approximately 686 Bitcoin for about $43.4 million, then used part of the proceeds to repay all of its Bitcoin-backed loans on Morpho, a decentralized lending
- Hyperscale then sold the 686 Bitcoin in August 2026, and the filing says only that a portion of the $43.4 million in proceeds repaid the Morpho balances in full
Summary
01 Hyperscale sold about 686 Bitcoin for $43.4 million and used part of the proceeds to fully repay Morpho loans. 02 That cleared the pledged collateral and removed immediate DeFi debt risk, but liquidity still looks insufficient for 12 months of operations. 03 The company still needs more than $100 million to fund its Michigan AI build, while its going-concern warning remains unresolved. The repayment released the pledged collateral and left the company with no outstanding Morpho borrowings, removing the immediate loan-related collateral exposure.