Borrowing $30 Million, Hyperscale Data Expands AI Data Center with Bitcoin Reserve Collateral

Odaily Planet Daily News: Hyperscale Data has announced the establishment of a Bitcoin-collateralized DeFi financing program through Morpho Protocol. As of August 2, the company has borrowed approximately $30 million against a portion of its Bitcoin reserves, with the current floating interest rate at approximately 4.9%. The funds raised will primarily be 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 pledged Bitcoin.