Hyperscale Data Launches Equity Offering to Raise $35.4 Million

Hyperscale Data, a Bitcoin treasury company, has announced the initiation of an ATM equity offering plan. According to ChainCatcher, the company aims to raise $35.4 million through the issuance of Series D cumulative redeemable perpetual preferred shares. The net proceeds from this offering will be used to increase their Bitcoin holdings and purchase precious metals such as gold, silver, and copper. Additionally, the funds will support working capital and general corporate purposes, including the repayment, refinancing, redemption, or repurchase of future debt or equity.