Hyperscale Data Inc. (NYSE: GPUS) has announced an "at-the-market" (ATM) stock offering plan to raise up to $125 million through Wilson-Davis & Co., Inc. The company plans to allocate the majority of the net proceeds to purchasing Bitcoin and developing a data center in Michigan. A smaller portion will be used for purchasing XRP, working capital, and general corporate purposes, including debt repayment or stock buybacks. Hyperscale Data operates data center mining and provides AI ecosystem hosting services through its subsidiary, Sentinum.