Hyperscale Data's Combined Holdings Reach Nearly 200% of Equity Market Cap

Hyperscale Data reported $53 million in combined cash and Bitcoin holdings as of September 3. This figure represents nearly 200% of its equity market capitalization at that time.

The company's cash and restricted cash totaled approximately $36 million, while it held about 215 Bitcoins, valued at around $81,500 each.

Executive Chairman Milton 'Todd' Ault III explained that a portion of the Bitcoin holdings was sold to support the buildout of its Michigan AI data center.