According to PRNewswire, Hyperscale Data, a Bitcoin treasury company listed on NYSE American under the New York Stock Exchange, announced the establishment of an "ATM" equity issuance plan to sell its 13% Series D cumulative redeemable perpetual preferred stock periodically, with a maximum total fundraising of approximately $35.4 million. The company stated that if the fundraising is successful, most of the net proceeds will be used to purchase Bitcoin, and may also be used to purchase precious metals (gold, silver, copper); the remaining funds will be used for operating capital and general corporate purposes (including debt repayment, refinancing, redemption, or buyback).