An artificial intelligence (“AI“) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company“), today announced the successful completion of its previously disclosed at-the-market (“ATM“) equity program, strengthening the Company’s balance sheet and accelerating growth initiatives. Through the program, the Company sold 255,490,454 shares of its Class A common stock for gross proceeds of $125 million.
Hyperscale Data now stands as one of the few publicly traded companies operating a large-scale AI data center and a vertically integrated Bitcoin mining platform under a unified operational platform.
The Company operates its flagship AI and Bitcoin campus in Michigan, where NVIDIA graphic processing units (“GPU“) servers and Bitmain Bitcoin miners run side-by-side as parallel compute networks. The Company also maintains Bitcoin mining operations in Montana that contribute to its overall network capacity.
A New Model: Parallel Compute = AI + Bitcoin
This hybrid compute architecture positions Hyperscale Data at the center of two accelerating global demand curves:
- AI compute capacity, delivered through enterprise-class GPU clusters, and
- Bitcoin network compute, delivered via high-efficiency mining infrastructure.
“We are not just another data center company, and we are not just another Bitcoin miner,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “It has taken years to build this infrastructure. Today, we are holding our Bitcoin and growing our digital asset business strategically and deliberately. We continue to add Bitcoin to our balance sheet over time, and we are building long-term value the same way Bitcoin has gained value — through patience, strength and compounding scale.”
William B. Horne, Chief Executive Officer of Hyperscale Data, added, “We have spent the better part of eight years investing in a core strategy that is finally paying off. The alignment of AI compute demand and Bitcoin’s global relevance has created a moment where our infrastructure, positioning and timing converge. We are executing on exactly the business we set out to build.”
Bitcoin Holdings Expected to Surpass $100 Million in the Coming Months
Hyperscale Data continues to expand and modernize its Bitcoin mining fleet while also strategically increasing its Bitcoin holdings through ongoing purchases. Based on current hashrate, network dynamics, and planned treasury allocations, the Company expects its Bitcoin holdings to exceed $100 million within the next quarter.
“Our strategy is clear: Bitcoin is a core treasury asset, not a trade,” Mr. Ault continued. “Our AI infrastructure generates compute. Our Bitcoin infrastructure generates digital reserve strength. Together, these systems form the foundation of a long-duration growth platform.”
Fully Capitalized, Compliant and Scaling
With the recent ATM program completed:
- The Company confirms full compliance with all NYSE American listing requirements;
- The Company is well-capitalized for its current expansion initiatives and expects to fund continued growth through a combination of operating cash flow and strategic financing activities; and
- Data center build-out and AI cloud compute services remain on schedule for scaling into 2026 and beyond.
Hyperscale Data believes it is financially strong, strategically positioned, and operationally aligned for the next cycle of AI infrastructure growth—backed by an increasingly valuable Bitcoin reserve.
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