Hyperscale Data Sells Off Remaining ~211 BTC, Using $16M Proceeds for Debt Repayment and AI Data Center Buildout

Nov. 10 — According to a PRNewswire announcement, US-listed company Hyperscale Data (GPUS) announced that as of Nov. 8, it had sold all of its remaining bitcoin at an average price of about $76,000, totaling roughly 211.56 BTC and generating about $16 million. Since it began reducing its holdings at the end of July this year, the company has sold a cumulative ~1,113 BTC, recovering about $74.4 million. The funds are being used to repay debt and continue building its Michigan AI data center, with the first 10 MW of computing capacity scheduled to be energized in December. The company is still mining in Montana, and going forward the bitcoin on its balance sheet will mainly come from self-mining.