Hyperscale Data to Create $100M Bitcoin Reserve

• Hyperscale Data plans to invest $100 million in Bitcoin.
• Part of the funds will be raised through the sale of a data center in Montana.
• Hyperscale Data is actively expanding its AI campus in Michigan.

Hyperscale Data, a company specializing in artificial intelligence and digital asset infrastructure, has announced the launch of a treasury strategy with an investment of up to $100 million in Bitcoin.

The funding will be partially provided by the sale of assets in a Montana data center and capital from an equity offering program. The company will reportedly publish weekly updates on its crypto assets to ensure transparency.

Hyperscale Data will hold the first cryptocurrency as its primary reserve asset, following Strategy's lead. Its former mining subsidiary Sentinum will provide operational expertise.

Hyperscale Data is also accelerating the development of its AI campus in Michigan, where the company’s customers are deploying servers with NVIDIA GPUs for AI and high-performance computing workloads.

The Michigan facility is owned by Alliance Cloud Services and provides approximately 30 megawatts of capacity. The company is moving forward with a phased expansion that is expected to reach 70 megawatts over the next 20 months.

Hyperscale Data CEO William B. Gorn said:

“We are building a company on two of the most powerful trends — artificial intelligence and digital assets. The combination of developing the Michigan site and accumulating Bitcoin is a strategy for creating long-term value for shareholders.”

It should be noted that earlier, Alex Thorne, head of research at Galaxy Digital, said that the US could announce the creation of a strategic bitcoin reserve before the end of this year.

Source: cryptonews.net