BTC treasury company Hyperscale Data launches equity offering plan to raise up to $50 million
According to Deep Tide TechFlow, on December 20, PRNewswire reported that Hyperscale Data, a bitcoin treasury company listed on NYSE American under the New York Stock Exchange, announced the launch of an equity offering ATM financing plan. The company will periodically sell common stock to raise up to $50 million in funds. This financing plan will appoint Spartan Capital Securities as the sales agent. The net proceeds from the fundraising will be used to continue purchasing bitcoin, as well as to develop Hyperscale Data's data center in Michigan, and for general corporate purposes.
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