Home / Business and Economy / Hyperscale Data Sells All Bitcoin Reserves
Hyperscale Data Sells All Bitcoin Reserves
10 Nov
Summary
- Hyperscale Data sold all remaining Bitcoin reserves for $16.0 million.
- Proceeds will fund Michigan AI data center development and pay debt.
- Company continues Bitcoin mining operations in Montana.
As of November 8th, 2026, Hyperscale Data, Inc. has concluded the sale of its entire Bitcoin reserve, receiving gross proceeds of approximately $16.0 million. The company previously sold a portion of its Bitcoin in late July 2026, totaling approximately 1,113 Bitcoin for roughly $74.4 million.
The entirety of the proceeds generated from these sales is being strategically allocated towards reducing the company's outstanding debt and financing the ongoing development of its artificial intelligence data center located in Michigan. CEO Will Horne emphasized that energizing the initial 10 megawatts of critical IT capacity at the Michigan facility in December is the primary objective and the most direct route to profitability for the company.
Hyperscale Data continues to engage in Bitcoin mining at its facility in Montana. Henceforth, any Bitcoin holdings on the company's balance sheet are expected to originate primarily from its own mining activities. Management anticipates filing its Quarterly Report on Form 10-Q for the quarter ending September 30, 2026, by November 23rd, coinciding with a rescheduled Investor Day.
