Key facts
- Hyperscale Data sold approximately 100 Bitcoin to fund its Michigan AI data center.
- The company secured a Bitcoin-backed credit facility with variable interest rates of 4.5% to 5.0%.
- The Michigan campus is being developed to support a potential $1.2 billion to over $3 billion AI infrastructure contract.
- Quantum Solutions sold 1,000 ETH for $1.9 million to fund its data center business.
- Quantum Solutions increased its authorized ETH sales limit to 4,375 ETH through October 30.
Hyperscale Data, formerly Ault Alliance, has sold approximately 100 Bitcoin and secured a Bitcoin-backed credit facility to finance its AI data center in Michigan. The facility carries variable interest rates between 4.5% and 5.0%. The proceeds and financing will support the construction of the campus, which is part of a master services agreement with an unnamed AI infrastructure provider. This agreement is projected to generate over $1.2 billion in revenue initially, with potential to exceed $3 billion if expansion options are exercised. Separately, Tokyo-listed Quantum Solutions sold 1,000 ETH for $1.9 million to fund its own data center business and increased its authorized ETH sales limit. Quantum Solutions' remaining ETH holdings are partially pledged as collateral.