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Crypto

Hyperscale Data Sells $43M Worth of Bitcoin for Data Center Development

Guavy AI Editorial Team
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BTC
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Hyperscale Data has sold approximately 685 BTC for $43 million to fund its data center development in Michigan, debt servicing, and other expenses.

The sale reduced the company's Bitcoin reserves to around 275 BTC. This is not the first time Hyperscale Data has tapped into its reserves; in July, it sold about 100 BTC for approximately $6.48 million.

The funds will be used to further develop the data center and meet ongoing operational costs.

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