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BTC Treasury Company Hyperscale Data Launches Equity Offering Plan with a Maximum Fundraising of 50 Million USD
ChainCatcher News, Hyperscale Data, a Bitcoin treasury company listed on NYSE American under the New York Stock Exchange, announced the launch of an equity issuance ATM financing plan, which will sell common shares periodically to raise up to $50 million. The financing plan will appoint Spartan Capital Securities as the sales agent, and the net proceeds will be used to continue purchasing Bitcoin, develop Hyperscale Data’s data center in Michigan, and for general corporate purposes.