Hyperscale Data Uses Bitcoin Holdings to Fund AI Campus Construction
Hyperscale Data Inc. (NYSE: GPUS) is leveraging part of its bitcoin treasury to fund the construction of a $3 billion artificial intelligence data center campus in Michigan. The company has sold approximately 100 BTC and allocated the proceeds toward infrastructure development under a long-term agreement with an unnamed AI cloud provider, covering up to 20 megawatts initially. The master services contract spans ten years with two five-year extension options and could generate over $3 billion in revenue if fully exercised. Hyperscale Data has also secured a credit facility allowing it to borrow against its remaining bitcoin holdings at variable rates between 4.5% and 5%. This strategy aims to reduce reliance on equity financing while maintaining exposure to Bitcoin. The company currently holds around $71 million worth of BTC, with plans to preserve significant crypto exposure despite monetizing a portion for capital development.
Tickers: $GPUS
Topics: ai infrastructure bitcoin capital funding