Hyperscale Data Sells Bitcoin for Michigan Data Center Development

Hyperscale Data is tapping into its bitcoin reserves to fund development of its Michigan AI data center campus.

The company has monetized approximately 100 Bitcoin, with proceeds invested directly into the Michigan campus development.

Hyperscale Data also established a credit facility allowing it to borrow capital at variable interest rates expected to range from 4.5% to 5.0%, pledging Bitcoin as security for loan repayment.

The agreement with an AI infrastructure provider is expected to generate more than $1.2 billion in revenue over its initial 10-year term, with options to extend for a further five years.