Hyperscale Data sells 211 Bitcoin for $16M to fund AI data center
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Hyperscale Data Sells Its Last Bitcoin To Fund AI Data Center
Hyperscale Data has sold the last of its bitcoin, the NYSE American-listed company said Tuesday, unloading about 211.56 BTC for roughly $16 million to pay down debt and fund an AI data center in Michigan. The sales were completed by Nov. 8 at about $76,000 per coin. Since it first sold part of its reserve in late July, Hyperscale has sold approximately 1,113 bitcoin for about $74.4 million, the company said. That works out to an average of rough…
Hyperscale Data sold BTC for $16 million and plans to earmark funds to reduce debt and develop its AI data center in Michigan. The operation adds to a series of sales and marks a new step in the company’s shift from mining to computing for artificial intelligence.
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Cryptocurrency News | Cryptocurrency Prices | Market CapHyperscale Data sells 211 Bitcoin for $16M to fund AI data center
Hyperscale Data's pivot to AI infrastructure highlights a strategic shift in tech investment, prioritizing stable revenue over volatile assets.
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