Hyperscale Data said it has completed its first sale of about 100 Bitcoin and secured a Bitcoin-backed credit facility to accelerate construction of its AI data center campus in Michigan. The company said it still holds 1,006 BTC, valued at about $65 million.
According to the announcement, the transaction is part of a broader funding approach tied to its Bitcoin treasury. Hyperscale Data said it is using its Bitcoin reserves to access lower-cost capital, cut reliance on equity financing, and avoid shareholder dilution.
The company also disclosed operating details for the project. The initial phase of the AI campus is set to deploy 20 MW. Contracts tied to the site are expected to generate more than $1.2 billion in revenue during the initial term, with customers given an option to expand by another 32 MW.
The item was cited by Techub News, with CryptoBriefing named as the source in the digest.
Hyperscale Data said it has made its first sale of about 100 BTC and obtained a Bitcoin-backed credit facility to speed up construction of its AI data center campus in Michigan.
The company said it still holds 1,006 BTC, valued at about $65 million. It described the move as a way to use its Bitcoin reserves to secure lower-cost capital, reduce dependence on equity financing, and avoid shareholder dilution.
For the AI campus, the initial deployment is set at 20 MW. Contracts tied to the project are expected to generate more than $1.2 billion in revenue during the initial term, and customers have the option to expand capacity by another 32 MW.
Techub News carried the item in a digest that cited CryptoBriefing.
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