Hyperscale Data Liquidates Bitcoin Holdings to Repay Debt and Build AI Data Center

According to PR Newswire, Hyperscale Data (NYSE American: GPUS) announced on November 10 that as of November 8, 2026, the company had sold its entire remaining Bitcoin reserve at approximately USD 76,000 per Bitcoin, selling approximately 211.56 Bitcoin in this transaction for gross proceeds of approximately USD 16 million. Since its first partial reserve sale in late July 2026, the company has cumulatively sold approximately 1113 Bitcoin for proceeds of approximately USD 74.4 million. The company said the proceeds will be used to repay debt and fund the ongoing construction of its Michigan AI data center. CEO Will Horne stated that the top priority is to energize the first 10 MW of critical IT capacity at the Michigan data center in December. The company continues to mine at its Montana mining site, and Bitcoin on its balance sheet is expected to come primarily from its own mining operations in the future.

Source: TechFlow