Hyperscale Data is planning to sell common stock to raise $125 million to purchase BTC and XRP

BlockBeats News, August 30th, according to PR Newswire, U.S. listed company Hyperscale Data (NYSE: GPUS) announced that it has established a "market issuance" equity issuance plan, and the company may from time to time sell its common stock to raise up to a total of 125 million US dollars.

Part of the proceeds from this fundraising will be used to purchase Bitcoin and expand its Michigan data facility, another part will be used to purchase XRP, and the rest will be used for working capital and general corporate purposes, which may include repayment, refinancing, redemption, or repurchase of future debt or equity.