The Block (@TheBlockCo): THE BLOCK: Hyperscale Data secured a $30 million bitcoin-backed loan through Morpho to help fund its Michigan AI data center expansion.
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THE BLOCK: Hyperscale Data secured a $30 million bitcoin-backed loan through Morpho to help fund its Michigan AI data center expansion. Last week, the company sold approximately 100 BTC and established a bitcoin-backed credit facility as part of its AI infrastructure financing strategy.