Hyperscale Data (NYSE American: GPUS) has sold the remainder of its Bitcoin holdings totaling approximately 211.56 BTC, valued at around $76,000 each, to generate gross sales of around $16 million.
The Las Vegas headquartered firm announced on Tuesday that Bitcoin was sold on Sunday, November 8. The funds will be used to help reduce debt and fund its AI data centre in Michigan which the company hopes will be partially live in December.
About Hyperscale Data
The company is an AI data centre company. It operates a data centre through its fully-owned subsidiary Sentinum and generates revenue by providing colocation and hosting facilities to AI businesses and other industries.
Hyperscale Data Sells Remaining Bitcoin Reserves to Reduce Debt and Fund Michigan AI Data Center
Hyperscale Data ($GPUS) trades on NYSE American. 🚀
Read more here:https://t.co/CfMZfeJNfa $GPUS🔗Disclaimer: Not an offer to buy or sell securities. https://t.co/NXBuiYmNVM
— Hyperscale Data, Inc. (@hyperscaledata) November 10, 2026
Hyperscale Data also owns a hybrid private equity and operating company Ault Capital Group which has interests in financial services, digital assets, defence, hospitality and more. The company expects to sell this division in 2027.
From $100 Million Treasury Plan
This follows a series of sales which began in late July 2026. To date, the company has sold around 1,113 Bitcoin generating sales of around $74.4 million.
This comes after the company stated in mid-September 2025 that it would create a $100 million Bitcoin treasury. The company continues to mine Bitcoin at its Montana site, with any Bitcoin on its balance sheet in the future coming mainly from mining.
December Focus On First 10 Megawatts
“Our focus is on bringing on the first 10 megawatts of mission critical IT infrastructure at our Michigan site in December. That is our fastest route to profitability,” CEO Will Horne said.
“This also means we are reducing our exposure to volatility and we have cash to reduce our debt and build out the site in Michigan. We believe this is the best use of capital for all our shareholders,” he added.
The company has forecast to generate revenues of around $40 million in the third quarter, an increase of around 64% compared to last year. The company will spend over $100 million on building out the Michigan site.
Going Concern Warning
In its second quarter filing, Hyperscale Data noted that its cash and other liquidity resources were not expected to be sufficient to meet its obligations and commitments, including those relating to the Michigan site. Consequently, there was substantial doubt about the company’s ability to continue as a going concern.
Filing & Investor Day
The company expects to file its quarterly report on Form 10-Q for the period ended September 30, 2026 no later than Monday, November 23.
It has also rescheduled its virtual Investor Day to November 23 from November 12 due to a proposed exchange offer related to its Class A common stock. The management will provide updates to investors on the progress of reducing debt and achieving its goal of bringing the site online in December.
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