Hyperscale Data announces $100 million Bitcoin reserve strategy

PANews September 15th news, according to PR Newswire, Hyperscale Data (NYSE: GPUS) announced the launch of a $100 million Bitcoin reserve strategy, planning to use Bitcoin as a major company reserve asset. Part of the funding of the initiative comes from the sale of Montana data center assets and equity financing. The company will accelerate the expansion of Michigan AI data centers, with a goal of increasing electricity capacity to 70 megawatts within 20 months, and ultimately expanding to 340 megawatts. Hyperscale Data will announce its crypto asset holdings every week to strengthen transparency.