Hyperscale Data plans to sell common stock to raise $125 million to purchase BTC and XRP

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On August 30, PR Newswire reported that Hyperscale Data (NYSE: GPUS), a US-listed company, announced that it has established a "market offering" equity issuance plan, under which the company may sell its common stock from time to time to raise a total of up to US$125 million.

Part of the proceeds will be used to purchase Bitcoin and expand its Michigan data facilities, another portion will be used to purchase XRP, and the remaining proceeds will be used for working capital and general corporate purposes, which may include repaying, refinancing, redeeming or repurchasing future debt or equity.

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