Hyperscale Data, Inc. (GPUS) sold its remaining Bitcoin reserves for approximately $16 million in gross proceeds. The sale involved approximately 211.56 bitcoins at an average price of around $76,000 per coin. It was completed by November 8, 2026.
Since late July 2026, the company has sold about 1,113 BTC for roughly $74.4 million in total. The proceeds will go toward paying down debt and developing its AI data center in Michigan. CEO Will Horne said the priority is to bring the first 10 megawatts of IT capacity online at the Michigan site in December. He called that the “quickest path to profitability.” Horne added that exiting Bitcoin reduces exposure to price volatility and is the best use of capital for shareholders.
The sale reverses the company’s earlier strategy of building a $100 million digital asset treasury. Hyperscale Data will continue mining at its Montana facility, and future Bitcoin holdings are expected to come from those mining operations.