Hyperscale Data is launching a $50 million ATM Offering, intended to be used for purchasing Bitcoin and expanding data centers.

BlockBeats News, December 20, AI data center company Hyperscale Data announced the launch of a maximum $50 million at-the-market (ATM) common stock offering program. The company stated that the majority of the funds raised will be used to purchase Bitcoin and advance its Michigan data center construction, with a small portion allocated for working capital and general corporate purposes. The stock offering will be conducted through Spartan Capital Securities as the sales agent.