The Block (@TheBlockCo): THE BLOCK: Hyperscale Data sold roughly 100 bitcoin and opened a bitcoin-backed credit facility to fund its Michigan AI data center.
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THE BLOCK: Hyperscale Data sold roughly 100 bitcoin and opened a bitcoin-backed credit facility to fund its Michigan AI data center. The bitcoin-anchored company said it is redeploying part of its treasury into AI infrastructure while borrowing against the rest, tied to a contract it projects could exceed $1.2 billion if fully extended.