Hyperscale Data Sells Remaining Bitcoin Reserves to Fund Michigan AI Data Center and Reduce Debt
Hyperscale Data (NYSE American: GPUS) has completed the sale of its remaining 211.56 Bitcoin at an average price of approximately $76,000 per coin, generating $16 million in gross proceeds. This follows a larger divestment in July 2026 where the company sold roughly 1,113 Bitcoin for $74.4 million. The total liquidation aims to reduce corporate debt and provide capital for the development of the company's AI data center in Michigan. CEO Will Horne stated that the primary objective is to energize the first 10 megawatts of IT capacity at the Michigan facility by December, which the company views as its fastest route to profitability. While the company has exited its reserve holdings, it will continue Bitcoin mining operations at its Montana site and expects future balance sheet holdings to derive primarily from those mining activities.
Tickers: $GPUS
Topics: Bitcoin sale Data center development Debt reduction Liquidity management
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