Crypto
Hyperscale Data Secures $30 Million Loan Against Bitcoin Holdings
Hyperscale Data Inc., a company that has filed with the U.S. Securities and Exchange Commission, has borrowed approximately $30 million against its bitcoin holdings at a rate of 4.9%.
The loan was facilitated through Morpho DeFi, which is responsible for facilitating the borrowing arrangement between Hyperscale Data and an unspecified lender.
No other details about the lender or the terms of the loan were provided in the filing.