Hyperscale data launched Bitcoin Treasury strategy with a value of $ 100 million with AI axis and digital assets.
According to a recent announcement, the company, which is based in Las Vegas, will finance the initiative through sales of the assets of the Montana Data Center.
Meanwhile, Hyperscale plans to expand its university campus from Michigan from 30 megawatts to 340 MW of artificial intelligence and cloud computing.
This step places Bitcoin as a basic reserve for the Treasury, as the company already owns $ 1.33 million in digital assets, which represents 11.9 % of the market value, through its mining operations.
Hyperscale, a subsidiary of Hyperscale, has operated Bitcoin for years, which led to the creation of what was called CEO William B. Horne “The basis of operational experience in digital assets” This supports the treasury approach similar to Microstrategy.
The company currently owns 11,1159 Bitcoin, which is worth about $ 1.23 million as of September 8, which was all obtained through mining instead of market purchases.
Previous advertisements revealed a timetable for aggressive accumulation, including the September 2 plan to add $ 20 million in Bitcoin and September 5 reports that show holdings of 8.1 % of the market value.
Hyperscale will finance the program of $ 100 million through revenue from selling land contracts at the Montana Center and Energy Materials, as well as offering stocks on the market.
The company has announced plans to strip two Montana 10 -megawat real estate to concentrate resources on its pioneering campus in Michigan.
Sentinum has built and operated a database of full capacity on one Montana feature, after it has conducted encryption mining since obtaining lease and energy agreements in February 2023.
The strategic transformation of the high concentration allows direct capital and management attention to Michigan, as the company expects the long -term asset values much higher.
“This represents a pivotal moment in the development of high data,” Horne, explanation of the company “Building a company installed in two of the most dynamic forces of our time: artificial intelligence and digital assets.”
It is worth noting that the expansion of the Michigan facility represents a parallel growth strategy, with a capacity of the current 30 megawatts to 70 megawatts over 20 months through the use of natural gas infrastructure, which allows generation on site.
The end of the final expansion is 340 MW. However, it is subject to facilities, organizational approvals, and appropriate financing for AI’s customers for institutions and cloud customers who spread GPU systems.
https://media.zenfs.com/en/cryptonews_us_711/39a766e5cad668626d66b2e0bfef35f1
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