TechFlow news, August 30 — According to PR Newswire, Hyperscale Data (NYSE: GPUS), a publicly traded U.S. company, announced the establishment of an "at-the-market" equity distribution program, under which the company may from time to time sell its common stock to raise up to $125 million in aggregate.
Proceeds from this offering will be partially used to purchase bitcoin and expand its Michigan data facility, partially to purchase XRP, and the remainder for working capital and general corporate purposes, which may include repayment, refinancing, redemption, or repurchase of future debt or equity.
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