BTC Treasury Company Hyperscale Data Plans to Issue Preferred Shares to Raise $35.4 Million

Odaily News: New York Stock Exchange-listed Bitcoin treasury company Hyperscale Data announced the initiation of an ATM equity offering plan. It aims to raise $35.4 million by issuing Series D cumulative redeemable perpetual preferred shares. The net proceeds will be used to increase Bitcoin holdings, purchase precious metals including gold, silver, and/or copper, as well as for working capital and general corporate purposes, including repaying, refinancing, redeeming, or repurchasing future debt or equity. (PRNewswire)