Loan & DebtAug 5, 2026, 04:34 PM
Hyperscale Data secures $30M Bitcoin-backed DeFi financing at 4.9%
AI Summary
Hyperscale Data, Inc. has successfully implemented a Bitcoin-backed decentralized finance (DeFi) strategy, establishing an overcollateralized digital asset borrowing facility through the Morpho Protocol. As of August 2, 2026, the company has approximately $30 million outstanding at a variable interest rate of about 4.9%. The proceeds will be utilized to support the continued development of its Michigan AI data center campus, as well as for working capital and other general corporate purposes, while allowing the company to retain long-term ownership of its Bitcoin holdings.
Key Highlights
- Implemented Bitcoin-backed decentralized finance (DeFi) financing strategy.
- Established overcollateralized digital asset borrowing facility via Morpho Protocol.
- Pledged a portion of Bitcoin holdings as collateral for borrowings.
- Approximately $30 million outstanding as of August 2, 2026.
- Current variable interest rate is approximately 4.9%.
- Proceeds to fund Michigan AI data center campus development.
- Funds also for working capital and general corporate purposes.
- Company retains long-term ownership of collateralized Bitcoin.
Price Impact
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