Borrowing $30 Million, Hyperscale Data Expands AI Data Centers Backed by Bitcoin Reserve Collateral

Odaily News: Hyperscale Data has announced the establishment of a Bitcoin-collateralized DeFi financing program through the Morpho Protocol. As of August 2, the company has borrowed approximately $30 million against a portion of its Bitcoin reserves, with a current floating interest rate of around 4.9%. The funds raised will be primarily used to expand the AI data center in Michigan and supplement working capital. Meanwhile, the company stated that it will continue to maintain long-term price exposure to the collateralized Bitcoin.