Crypto Treasuries Fund AI Data Centers with Digital Assets
Crypto treasuries are shifting from passive holding to active funding tools. Quantum Solutions and Hyperscale Data, two companies in the AI data center space, have made significant moves to utilize their digital asset holdings for business operations.
Quantum Solutions sold 1,000 ETH for $1.903 million on July 30, using the funds to support its Japanese AI data center expansion plans. The sale price was lower than the company's May 31 carrying value of $2,003.97 per ETH, resulting in a $100,970 loss.
Hyperscale Data, on the other hand, monetized approximately 100 BTC and invested the proceeds into its Michigan AI data center campus. The company also established a Bitcoin-backed credit facility with an expected variable interest rate of 4.5% to 5%.