Hyperscale Data (NYSE: GPUS) Launches $125M Market Issuance to Buy Bitcoin, XRP and Expand Michigan Data Center

According to PR Newswire via COINOTAG News on August 30, U.S.-listed company Hyperscale Data (NYSE: GPUS) has established a market issuance equity plan that authorizes the sale of common stock to raise up to $125 million. The company indicated it may, from time to time, sell shares under this program to access incremental capital.

Company disclosures specify that portions of the proceeds are allocated to acquiring Bitcoin and XRP, to support expansion of its Michigan data facility, and to provide working capital and general corporate purposes, which may include repayment, refinancing, redemption or repurchase of future debt or equity.