Hyperscale Data, Inc. announced an 'at-the-market' equity offering program to sell shares of its common stock for up to $50 million.
The offering will be conducted through Spartan Capital Securities, LLC, acting as the sales agent.
Proceeds from the offering will be used to acquire Bitcoin, develop the Michigan data facility, and for general corporate purposes.
Equity Offering Program
Established 'at-the-market' equity offering program to sell common stock for up to $50 million.
Sales Agreement
Sales of common stock will be made through Spartan Capital Securities, LLC, in 'at-the-market' offerings.
Use of Proceeds
Intends to use proceeds to acquire Bitcoin, develop the Michigan data facility, and for general corporate purposes.
- The offering opens opportunities for Hyperscale Data to raise funds for strategic initiatives.
- Acquiring Bitcoin and expanding the Michigan data facility strengthen the company's position in the AI data center sector.
The 'at-the-market' equity offering program positions Hyperscale Data for growth and expansion in the digital asset and AI industry.