Hyperscale Data, Inc. (GPUS) announced it has implemented a new Bitcoin-backed decentralized finance (DeFi) strategy, allowing it to borrow against its Bitcoin treasury holdings. The company has already drawn approximately $30 million under this new arrangement to fund its operations and growth projects.
Key Details
- Initial Borrowing: As of August 2, 2026, the company has $30 million outstanding, secured by a portion of its Bitcoin holdings.
- Financing Terms: The overcollateralized loan was established through the Morpho Protocol, a decentralized lending platform, and carries a current variable interest rate of approximately 4.9%.
- Use of Proceeds: Funds will support the development of the company's Michigan AI data center campus and be used for general corporate purposes.