Hyperscale Data Sells 100 BTC to Fuel $3B AI Data Center Project
Hyperscale Data, Inc., a company based in Las Vegas and trading on the NYSE American exchange as GPUS, has sold approximately 100 BTC to fund its $3 billion AI data center project in Dowagiac, Michigan. The sale was made on July 30, 2026, at a price of around $64,800 per BTC, which translates to roughly $6.5 million.
The company has also opened a bitcoin-backed credit facility, allowing it to borrow against its remaining coins at variable rates between 4.5% and 5.0%. This move is seen as a strategic shift by Hyperscale Data, using its treasury assets as a funding source instead of the stock market.
Executive Chairman Milton 'Todd' Ault III stated that the company built its bitcoin position through mining and treasury management, providing financial flexibility. Chief Executive Officer William Horne emphasized that this move does not signal a change in the company's long-term view of bitcoin, but rather a shift from one balance sheet asset to another.