Hyperscale Data sells 100 BTC to fund AI center

Hyperscale Data has sold about 100 Bitcoin and secured a BTC-backed credit facility to finance construction of its artificial intelligence data center in Michigan. Summary Hyperscale Data sold about 100 BTC to fund construction and equipment purchases. Its Bitcoin-backed credit facility carries a variable rate of approximately 4.5% to 5%. A 10-year AI services agreement could generate more than $1.2 billion if fully exercised. Hyperscale Data retains about 1,006 BTC, ranking 44th among public corporate holders. Hyperscale Data converts Bitcoin into AI funding Hyperscale Data disclosed the Bitcoin sale and financing agreement on Thursday as it accelerated work on its Michigan AI campus. Proceeds from the sale will fund construction and purchases of critical infrastructure and equipment with long delivery times. The company did not disclose the dollar value of the transaction or the lender behind its Bitcoin-backed credit line. Its new facility is expected to provide financing at a variable interest rate of roughly 4.5% to 5%. The arrangement allows Hyperscale Data to raise additional capital against its remaining Bitcoin rather than selling a larger share of its holdings immediately...