Hyperscale Data, Inc. (AMEX:GPUS) announced that it has sold its remaining Bitcoin reserves for approximately $16 million, with proceeds being directed towards debt reduction and the continued development of its artificial intelligence data centre in Michigan.
As of November 8, 2026, the company had sold approximately 211.56 Bitcoin at an average price of around $76,000 per Bitcoin.
Since beginning Bitcoin reserve sales in late July 2026, Hyperscale Data has disposed of approximately 1,113 Bitcoin, generating total proceeds of around $74.4 million.
Michigan AI Data Center Targets December Energisation
Hyperscale Data said its immediate operational priority is to bring the first 10 megawatts of critical IT capacity online at its Michigan data centre in December 2026.
Chief Executive Officer Will Horne commented:
“Our highest priority is to energize the first 10 megawatts of critical IT capacity at our Michigan data center in December.”
The company expects the Bitcoin sales to provide funding for construction and infrastructure development while reducing its exposure to cryptocurrency price fluctuations.
Hyperscale Data will continue Bitcoin mining operations at its Montana facility, with future Bitcoin holdings expected to originate primarily from its mining activities.
Quarterly Results and Investor Day Scheduled for November 23
The company expects to file its third-quarter 2026 Form 10-Q with the U.S. Securities and Exchange Commission by November 23.
Hyperscale Data also plans to reschedule its virtual Investor Day from November 12 to November 23, following the announcement of a proposed exchange offer involving its Class A common stock.
Management expects to provide updates on debt reduction and progress towards the December data centre energisation target.
Planned Business Divestiture Remains Scheduled for 2027
Hyperscale Data continues to target 2027 for the proposed divestiture of its Ault Capital Group subsidiary.
The transaction is expected to involve the voluntary exchange of Series F preferred shares for equity in Ault Capital Group, subject to the terms of the exchange offer.
Only eligible shareholders who tender their Series F preferred shares and do not withdraw them would receive shares in Ault Capital Group.
Following the proposed divestiture, Hyperscale Data intends to concentrate primarily on data centre operations supporting AI and high-performance computing, alongside its remaining digital asset activities.
The company said additional details of the exchange offer will be provided through regulatory filings when the process formally begins.