Hyperscale Data's Bitcoin Holdings Reach $18.5M Amid Michigan Project Progress
Hyperscale Data, Inc., an AI data center company, has disclosed its holdings. As of Friday, it had approximately $18.5 million worth of Bitcoin at a price of $84,458 per unit.
The company also reported holding around $37.5 million in cash and restricted cash, bringing total liquid assets to $56 million. This combined amount is roughly 153% of the current market capitalization based on its common stock closing price on Saturday.
According to Executive Chairman Milton 'Todd' Ault III, these financials support Hyperscale Data's ability to fulfill commitments to customers and bring the initial phase of the Michigan AI data center project online. The company is currently working to deliver contracted capacity at the facility through its subsidiary Alliance Cloud Services, LLC.