Bitcoin treasury company Hyperscale Data launches ATM program, plans to raise up to $50 million through a share offering.

Odaily Planet Daily reports that Hyperscale Data, a Bitcoin treasury company listed on the NYSE American (a subsidiary of the New York Stock Exchange), has announced an equity offering ATM (Automated Teller Machine) fundraising plan. It will raise up to $50 million through irregular sales of common stock. The net proceeds will reportedly be used to continue purchasing Bitcoin, develop Hyperscale Data's data center in Michigan, and for general corporate purposes, including repaying, refinancing, redeeming, or repurchasing future debt or equity. (PRNewswire)