PANews|Aug 03, 2026 11:44
[Hyperscale Data Secures $30 Million Loan Backed by Bitcoin Reserves for AI Data Center Expansion]
According to Prnewswire, Hyperscale Data announced the establishment of a Bitcoin-collateralized DeFi financing plan through the Morpho Protocol. As of August 2, the company has borrowed approximately $30 million using a portion of its Bitcoin reserves as collateral, with a current floating interest rate of about 4.9%. The funds raised will primarily be used to expand the AI data center in Michigan and supplement working capital. The company also stated that it will continue to maintain long-term price exposure to the collateralized Bitcoin.
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