Hyperscale Data (NYSE: HYDX), a company focused on Bitcoin treasury operations, has introduced an ATM equity program aiming to raise approximately $35.4 million through the issuance of preferred shares. The primary use of these funds will be to purchase Bitcoin, although allocations might also be directed towards precious metals such as gold, silver, and copper, or for working capital and debt purposes. This move reflects a broader trend of companies increasingly treating Bitcoin like precious metals as an alternative store of value, a strategy that aligns with recent regulatory clarifications which have facilitated corporate investments in digital assets.
Hyperscale Data plans $35.4M share sale to buy Bitcoin
