Hyperscale Data sells 100 Bitcoin to build AI data centre

Hyperscale Data sells approximately 100 Bitcoin and simultaneously opens a Bitcoin-backed credit line to fund the construction of an AI data centre in the US state of Michigan. The company is using part of its Bitcoin reserves for infrastructure, while the remaining Bitcoin serve as collateral for the loan.

Bitcoin is available at OKX and Bybit.

In brief:

• Hyperscale Data sells around 100 Bitcoin and opens a Bitcoin-backed credit line to finance an AI data centre in Michigan.
• The sale price was not disclosed, but based on the price of $64.823, the transaction would have been worth approximately $6.48 million.
• If all service contracts at the data centre are renewed, the company expects cumulative revenue exceeding $1.2 billion.

Bitcoin reserves deployed for AI infrastructure

Hyperscale Data says it has “monetised” its Bitcoin to fund the project, but provides no details on the timing of the sale or the exact price. Based on the Bitcoin price of $64.800 on the day of the announcement, the sale of 100 Bitcoin would amount to around $6.48 million.

In addition to the direct sale, the company is also borrowing via a credit line using the remaining Bitcoin as collateral. This way, Hyperscale Data does not have to sell all its Bitcoin but can still free up extra capital for the construction costs of the data centre.

Growing revenue expectations with full contract renewal

The Michigan data centre focuses on offering AI-related services. Hyperscale Data states that expected cumulative revenue exceeds $1.2 billion, but only if all existing service contracts are renewed. That is a significant caveat, as contract renewals are never certain.

Hyperscale Data is not the only listed company using its Bitcoin treasury for broader investments. More companies are now deploying their Bitcoin reserves as a financing tool for AI and other infrastructure projects, a trend closely watched by analysts such as Michael Saylor. At the time of writing, Bitcoin stands at $64.799, up 1.1% in the last 24 hours.