Hyperscale Data Reveals $51M in Bitcoin, Cash Holdings
Hyperscale Data Inc., an AI data center company, has disclosed its financial holdings as of September 13. According to a press release statement, the company reported holding 216.9480 Bitcoin based on a certain valuation method.
In addition to its Bitcoin holdings, Hyperscale Data held approximately $34.3 million in cash and restricted cash, bringing the total combined assets to $51 million.
This figure represents around 136% of the company's market capitalization, as of the closing price of its common stock on Sunday.
Milton 'Todd' Ault III, Executive Chairman of Hyperscale Data, stated that the company has substantial financial resources relative to its current market capitalization. He emphasized the balance sheet provides flexibility for continuing work on transforming the company's Michigan AI data center.