Crypto
Hyperscale Data Sells 685 Bitcoin for $43 Million
Hyperscale Data has offloaded about 685 Bitcoin for $43 million, reducing its holdings to approximately 275 BTC. The proceeds will mainly fund the ongoing development of its Michigan data center.
The company plans to continue mining Bitcoin and replenish its treasury over time using mining production and available capital.
'Bitcoin has been an important part of Hyperscale Data's strategy and we expect it to remain an important part of our strategy going forward,' said Executive Chairman Milton 'Todd' Ault III.