Hyperscale Data sells 685 Bitcoin to reduce debt by $30M

Hyperscale Data (NYSE American: GPUS) sold roughly 685 Bitcoin for approximately $43 million, using the proceeds to slash about $30 million in debt and funnel remaining capital into its Michigan AI data center campus. The company now holds around 275 Bitcoin, down from over 1,000 just weeks ago. The numbers behind the sell-off As of July 19, Hyperscale Data’s Bitcoin stash sat at 1,087.4527 BTC, valued at roughly $70.3 million at the time. Then came a sale of approximately 100 Bitcoin in late July, earmarked for the Michigan data center project. The 685-coin sale announced around August 14 was considerably larger, generating around $43 million in gross proceeds. Of that $43 million, an estimated $30 million went directly toward paying down corporate debt. The remainder is being directed toward expanding the company’s AI data center operations through its subsidiary Sentinum. Executive Chairman Milton “Todd” Ault III affirmed that Bitcoin will remain central to the company’s strategy, positioning the sale as a capital allocation decision rather than a philosophical shift away from crypto. Why Michigan, why now Hyperscale Data operates at the intersection of two capital-hungry indust...