Bitcoin Treasury Company Hyperscale Data Plans to Issue Preferred Shares to Raise $35.4 Million

Mars Finance reports that Bitcoin Treasury Company Hyperscale Data has announced the launch of an ATM equity issuance plan, which will raise $35.4 million through the issuance of Series D redeemable perpetual preferred shares. The net proceeds will be used to increase Bitcoin holdings, purchase precious metals including gold, silver, and/or copper, and also for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.