Hyperscale Data, a Bitcoin treasury company listed on NYSE American, has announced an "ATM" equity offering plan to sell its 13% Series D cumulative redeemable perpetual preferred stock. The company aims to raise up to $35.4 million through this offering. If successful, the majority of the net proceeds will be used to purchase Bitcoin, with potential investments in precious metals such as gold, silver, and copper. Remaining funds will be allocated for working capital and general corporate purposes, including debt repayment, refinancing, redemption, or repurchase.
Hyperscale Data Launches $35.4 Million ATM Equity Offering
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