Hyperscale Data Sells 100 BTC, Taps Credit Line for $3B Michigan AI Bet

Bitcoin miner Hyperscale Data has sold roughly 100 BTC — worth about $6.5 million at recent prices near $64,870 — and opened a Bitcoin-backed credit facility to help finance an AI data center campus in Michigan, the company disclosed Thursday. The facility carries a variable interest rate of roughly 4.5% to 5.0%.

The move trims the miner’s treasury but doesn’t gut it: on-chain tracker BitcoinTreasuries.NET shows Hyperscale Data still holding about 1,006 BTC, ranking it the 44th-largest public corporate Bitcoin holder. Shares of the company, which trades on NYSE American under the ticker GPUS, rose more than 5% in late-morning trading following the announcement, according to Yahoo Finance data.

Where the money is going

Proceeds from the BTC sale, combined with draws on the new credit line, are earmarked for construction costs and the purchase of critical infrastructure and long-lead equipment at the Michigan campus. The facility is designed to support a previously announced master services agreement with an unnamed AI infrastructure provider.

That agreement initially covers about 20 megawatts of AI compute capacity over a 10-year term, with two optional five-year extensions. Company estimates put the deal’s potential revenue at more than $1.2 billion if fully exercised through those extension periods.

The AI provider also holds an option to add another 32 MW of capacity within the first two years of the contract. Should that expansion be exercised and the agreement run its full course, Hyperscale Data says the total contract value could top $3 billion.

From Ault Alliance to AI infrastructure

Hyperscale Data rebranded from Ault Alliance in 2024 as it pivoted toward AI infrastructure while keeping its Bitcoin mining operations running. The 100 BTC sale and the new credit facility illustrate how the company is now leaning on both its mining revenue and its Bitcoin balance sheet to fund the buildout, rather than diluting shareholders or taking on unsecured debt.

Using Bitcoin as loan collateral at a sub-5% variable rate lets the company access capital without fully liquidating its treasury, a structure increasingly common among crypto-native firms that want liquidity without abandoning long-term BTC exposure.

Why it matters for holders

For Hyperscale Data shareholders, the market’s initial reaction — a 5%-plus share price gain — suggests investors are reading the financing as a credible step toward capturing the multi-billion-dollar AI contract rather than a distress sale of the company’s Bitcoin. For the broader market, the deal is another data point showing how public Bitcoin holders are increasingly treating BTC as collateral for real-world infrastructure financing, blurring the line between crypto treasury management and traditional corporate lending.

Sources

• cointelegraph.com
• theblock.co