Hyperscale Data, Inc. (GPUS) sold approximately 685 Bitcoin. The transaction generated roughly $43 million in cash. Company shares experienced a significant decline following the announcement.
The firm will use $30 million of the proceeds to pay down debt. Remaining funds will support the buildout of an AI-focused data center in Michigan.
Hyperscale Data retains approximately 275 Bitcoin after the sale. The company intends to continue its mining operations and long-term accumulation strategy.