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

Odaily News: Hyperscale Data, a Bitcoin treasury company listed on the New York Stock Exchange, announced the launch of an ATM equity offering plan. The company aims to raise $35.4 million by issuing Series D cumulative redeemable perpetual preferred stock. 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 the repayment, refinancing, redemption, or repurchase of future debt or equity. (PRNewswire)