Hyperscale Data plans to raise $125 million through equity issuance
Source: Binance
Time: 2025-08-30 20:13:16
According to Shenzhen Chao TechFlow, Hyperscale Data announced that it has established a "market issuance" equity issuance plan, which may sell common stock from time to time, raising up to $125 million. Part of the proceeds will be used to purchase Bitcoin and expand the Michigan data facility, and the other part will be used to purchase XRP, with the remaining funds used for working capital and general corporate purposes, including repayment, refinancing, redemption or repurchase of future debt or equity.