Hyperscale Data disclosed that approximately 685 bitcoins had been sold, with an estimated $43 million in cash, and that the funds would be used mainly for the ongoing development and expansion of the Michigan data centre. After the transaction was completed, the company, listed in NYSE American, retained approximately 275 bitcoin on its books.
According to the company, the sale was a capital allocation adjustment at this stage. In addition to supporting data centre construction, part of the cash will be used for debt arrangements, equity structures and operating funds management. Management stated that Bitcoin remained the company ' s long-term strategic asset and would not be withdrawn from the relevant layout as a result of the sale.
Transfer of funds to the Michigan project
According to Milton “Todd” Ault III, Chairman of the Executive Board of the company, current management considers that the conversion of some of the more liquid bitcoin assets into construction funds is more in line with the requirements of the Michigan project in its advance phase. This, in the company ' s view, would preserve both part of the bitcoin exposure and provide more adequate cash for core infrastructure inputs.
According to the disclosure, the $43 million will be invested, as a matter of priority, in the construction of a data centre at Michigan Park, covering obligations, operating funds and other business purposes.
Keep the bitcoin accumulation plan.
The company disclosed that it still held approximately 275 bitcoin after the sale and would continue to dig for bitcoin. Management expects that, in the future, it will be possible to gradually rebuild and increase the Bitcoin hold.
At the same time, the company stated that the subsequent pace of growth would depend on a number of factors, including mining volume, bitcoin prices, liquidity demand, capital expenditure and the overall market environment.
- Current sale: approximately 685 BTC
- Current cash pool: approximately $43 million
- Sold warehouse: approximately 275 BTC
We used the Bitcoin bank.
This was not the first time that Hyperscale Data had sold bitcoin to finance the Michigan project. In July of this year, the company sold about 100 bitcoin and established a credit arrangement guaranteed by bitcoin for the construction of the park and the purchase of equipment. The interest rate range disclosed from 4.5% to 5%, but the lenders and some of their terms were not disclosed.
The funds previously raised were also related to its AI data centre project. Behind the project is a master service agreement with unnamed infrastructure clients, with an initial coverage of approximately 20 MW, with a duration of 10 years, with two five-year extensions.
At that time, the company anticipated that if the customer implemented the full extension option, the initial capacity corresponding revenue could exceed $1.2 billion, and if the customer added 32 MW over the previous two years and the extension clause was fully on the ground, the total contract value could have exceeded $3 billion.
Minerals continue to invest in AI infrastructure.
Open mining companies have continued to depress Bitcoin in recent quarters. It was reported that the total number of bitcoins sold by the listed mining companies in the first quarter of 2026 exceeded 32,000 bitcoins, which was above the year-round level in 2025 and above the disposal scale of about 20,000 in the second quarter of 2022.
This change is related to the company plus AI and high performance computing infrastructure. As large-scale power access resources become more scarce, the ownership of ready-to-use land, transformer stations and power-connected mines is being considered a priority asset for the construction of the AI data centre. For mining companies, the sale of part of the Bitcoin bank and the move of funds for the construction of data centres is becoming a more common option.