Hyperscale Data Liquidates Bitcoin to Pay Down Debt and Fund AI Data Center Construction

According to a PR Newswire report, Hyperscale Data (NYSE American: GPUS) announced on November 10 that, as of November 8, 2026, the company had sold its entire remaining Bitcoin reserve at approximately $76,000 per bitcoin, disposing of roughly 211.56 coins and generating gross proceeds of approximately $16 million. Since first selling a portion of its reserves in late July 2026, the company has cumulatively sold approximately 1,113 bitcoins, yielding roughly $74.4 million. The company stated that the proceeds were used to repay debt and fund the ongoing construction of its Michigan AI data center. CEO Will Horne said the primary goal is to power up the first 10 megawatts of critical IT capacity at the Michigan data center by December. The company continues to mine at its Montana site, and future Bitcoin holdings on the balance sheet are expected to come primarily from its own mining operations.