Hyperscale Data Launches Bitcoin-Backed DeFi Financing Program with $30 Million in Borrowings
Hyperscale Data has successfully implemented its Bitcoin-backed decentralized finance (DeFi) financing strategy through the Morpho Protocol. This program allows the company to borrow against its Bitcoin treasury at competitive and variable institutional financing rates.
The current borrowings are approximately $30 million, with a variable interest rate of 4.9%. The funds are being used to support the development of Hyperscale Data's Michigan AI data center campus and for working capital purposes.
According to Milton 'Todd' Ault III, Executive Chairman of Hyperscale Data, this strategy enhances financial flexibility, strengthens its capital structure, and reduces reliance on more dilutive forms of equity financing. The company plans to continue evaluating additional Bitcoin-backed financing opportunities and other innovative treasury management strategies.