Deep Tide TechFlow News, February 14th, reports from PRNewswire that Hyperscale Data, a Bitcoin treasury company listed on NYSE American under the New York Stock Exchange, announced the launch of an ATM equity issuance program. The company will raise $35.4 million through the issuance of Series D cumulative redeemable perpetual preferred stock. The net proceeds will be used to increase Bitcoin holdings, purchase precious metals including gold, silver, and/or copper, as well as for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin Treasury Company Hyperscale Data Plans to Issue Preferred Shares to Raise $35.4 Million
Deep Tide TechFlow News, February 14th, reports from PRNewswire that Hyperscale Data, a Bitcoin treasury company listed on NYSE American under the New York Stock Exchange, announced the launch of an ATM equity issuance program. The company will raise $35.4 million through the issuance of Series D cumulative redeemable perpetual preferred stock. The net proceeds will be used to increase Bitcoin holdings, purchase precious metals including gold, silver, and/or copper, as well as for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.