Crypto Treasuries Power Up AI Data Centers

Crypto companies are repurposing their treasuries to fund AI data centers. Quantum Solutions, an Ethereum treasury company listed in Tokyo, recently sold 1,000 ETH for $1.903 million, generating $100,970 loss due to the sale price being below its carrying value of $2,003.97 per ETH.

The sale was part of a larger authorization by Quantum's subsidiary GPT Pals Studio to sell up to 4,375 ETH by October 30. This move marked a shift from treasury expansion towards business funding, with the proceeds supporting data center contracts and GPU equipment for its AI Infrastructure Data Center (AIDC) business.

Hyperscale Data, another Ethereum company, monetized approximately 100 BTC to fund its Michigan AI data center campus, creating a Bitcoin-backed credit facility with an expected variable interest rate of 4.5% to 5%.