Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million Treasury

Hyperscale Data sold its remaining 211.56 bitcoin for about $16 million by Nov. 8, bringing sales since late July to about 1,113 BTC as it races to energize 10 MW of AI capacity in Michigan in December.

Hyperscale Data has sold the last of its bitcoin, the NYSE American-listed company said Tuesday, unloading about 211.56 BTC for roughly $16 million to pay down debt and fund an AI data center in Michigan.

The sales were completed by Nov. 8 at about $76,000 per coin. Since it first sold part of its reserve in late July, Hyperscale has sold approximately 1,113 bitcoin for about $74.4 million, the company said.

That works out to an average of roughly $66,800 per coin. At today’s price near $74,200, the same 1,113 BTC would be worth about $82.6 million.

The company, which trades under the ticker GPUS, said the money will go toward its Michigan site, where it aims to energize the first 10 megawatts of critical IT capacity in December.

“We believe bringing that capacity online is our quickest path to profitability,” CEO Will Horne said in the release. “Selling our Bitcoin reserves reduces our exposure to Bitcoin price swings and gives us cash to pay down debt and fund the work in Michigan. We believe that’s the best use of this capital for all our stockholders.”

The exit is a sharp reversal from Hyperscale’s plans this summer. In late July, the company reported holding more than 1,106 bitcoin and said it wanted to build a $100 million digital asset treasury and reach full parity between its bitcoin holdings and its market capitalization.

“Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Executive Chairman Milton “Todd” Ault III said at the time. “We intend to continue building our Bitcoin position over time.”

A week later, Hyperscale disclosed its first sale , about 150.5 BTC, leaving it with roughly 958.5 BTC as of Aug. 2, even as its Ault Capital Group subsidiary bought about 15 BTC on the open market. The holdings were split between that unit and Sentinum. Ault said then that the company planned to keep a long-term position while tapping it for short-term flexibility, adding, “We are confident in our ability to use Bitcoin as pristine collateral.”