Hyperscale Data, a diversified holding company listed on the New York Stock Exchange, has announced an "At-The-Market (ATM)" stock issuance plan to raise $125 million. The company plans to use part of the proceeds to purchase Bitcoin and XRP, while also expanding its data facilities in Michigan. Wilson-Davis & Co., Inc. will act as the sales agent for the issuance. The remaining funds will be allocated for working capital and general corporate purposes, including potential debt management.
Hyperscale Data to Raise $125 Million for Bitcoin and XRP Purchases
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.