Hyperscale Data said it had sold its remaining Bitcoin reserves by November 8. The final sale involved about 211.56 BTC at around $76,000 per coin, raising about $16 million. The company said it had sold roughly 1,113 BTC for about $74.4 million since late July; those proceeds do not establish a trading profit or loss.
The company intends to use the money to reduce debt and fund its Michigan AI campus. It is targeting December to energize the first 10 megawatts of critical IT capacity, but construction and commissioning are still relevant to that target. Its Montana Bitcoin mining operation continues, and it expects future Bitcoin holdings to come mainly from mining. A separate effort to seek long-term debt financing for the campus was not a lending commitment, and no terms had been announced.
