Hyperscale Data Launches ATM Stock Offering Program to Sell Common Shares to Raise $125 million to Purchase BTC and XRP
2025-08-30 07:43:07
New York Stock Exchange-listed diversified holding company Hyperscale Data has announced the launch of the "At-The-Market (ATM) " stock offering program, which will raise $125 million from the sale of common shares to be issued by Wilson-Davis & Co., Inc. and act as a sales agent. A portion of the proceeds of the raised amount will be used to purchase Bitcoin and expand its Michigan data facilities, a portion of the proceeds will be used to purchase XRP, and other proceeds will be used for Working Funds and general corporate purposes, which may include repayment, refinancing, redemption or repurchase of future debt or capital stock.
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