Hyperscale Data launches $100M Bitcoin treasury strategy

* Hyperscale Data (NYSE:GPUS [https://seekingalpha.com/symbol/GPUS]) announced [https://seekingalpha.com/pr/20231399-hyperscale-data-launches-100-million-bitcoin-treasury-strategy-as-part-of-ongoing] on Monday the launch of a $100M Bitcoin treasury strategy as part of its transformation into an artificial intelligence data center and digital asset company.
* The initiative will be funded, in part, by proceeds from the sale of the company's Montana data center assets, which were recently announced for sale, as well as by capital raised through its previously announced at-the-market equity program.
* Through its wholly owned subsidiary Sentinum, Hyperscale Data has mined Bitcoin for years, providing a foundation of operational expertise in digital assets.
* Building on this experience, the company now plans to hold Bitcoin as a primary treasury reserve asset, similar to the approach pioneered by MicroStrategy, while continuing to invest in Michigan as its long-term infrastructure hub.

MORE ON HYPERSCALE DATA

* Hyperscale Data announces "at-the-market" offering of common stock [https://seekingalpha.com/news/4490603-hyperscale-data-announces-at-the-market-offering-of-common-stock]
* Hyperscale Data reaffirms 2025 guidance, citing Gresham Worldwide's emergence [https://seekingalpha.com/news/4488256-hyperscale-data-reaffirms-2025-guidance-citing-gresham-worldwides-emergence]
* Financial information for Hyperscale Data [https://seekingalpha.com/symbol/GPUS/income-statement]