Bitcoin Miner Hyperscale Data Turns 685 Coins Into AI Data Center Cash

·15 Aug
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Hyperscale Data sold approximately 685 Bitcoin for about $43 million to fund a Michigan data center buildout and reduce corporate debt. This move aligns with a broader trend among Bitcoin miners converting crypto reserves into infrastructure for AI operations. Despite the strategic financial decision, the company's shares dropped over 17% following the announcement of a reverse stock split.

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