Via cryptotimes.io
The AI data center operator dumped most of its Bitcoin treasury to fund a Michigan expansion and clean up its balance sheet
Hyperscale Data (NYSE American: GPUS) sold roughly 685 Bitcoin for approximately $43 million, using the proceeds to slash about $30 million in debt and funnel remaining capital into its Michigan AI data center campus. The company now holds around 275 Bitcoin, down from over 1,000 just weeks ago.
The numbers behind the sell-off #
As of July 19, Hyperscale Data’s Bitcoin stash sat at 1,087.4527 BTC, valued at roughly $70.3 million at the time. Then came a sale of approximately 100 Bitcoin in late July, earmarked for the Michigan data center project. The 685-coin sale announced around August 14 was considerably larger, generating around $43 million in gross proceeds.
Of that $43 million, an estimated $30 million went directly toward paying down corporate debt. The remainder is being directed toward expanding the company’s AI data center operations through its subsidiary Sentinum.
Executive Chairman Milton “Todd” Ault III affirmed that Bitcoin will remain central to the company’s strategy, positioning the sale as a capital allocation decision rather than a philosophical shift away from crypto.
Why Michigan, why now #
Hyperscale Data operates at the intersection of two capital-hungry industries: Bitcoin mining and AI data centers. The dual-track approach, running Bitcoin mining alongside AI data center operations via Sentinum, lets the company play both sides.
Selling 685 BTC for $43 million implies an average sale price of roughly $62,700 per coin. The debt reduction cuts $30 million in liabilities, improves interest coverage, frees up future cash flow, and leaves 275 Bitcoin still on the balance sheet as residual crypto exposure.
The company also plans to divest Ault Capital Group in 2027 to concentrate efforts more squarely on data centers and digital asset management.
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