Hyperscale Data secures $30M BTC-backed loan via Morpho
The U.S.-listed Bitcoin accumulation company said the financing will fund its Michigan AI data center expansion and supports a broader BTC-backed credit strategy.
BTC
MORPHO
Fact Check
The official Hyperscale Data press release on PR Newswire directly confirms every element of the claim: a ~$30 million Bitcoin-backed borrowing at ~4.9% via the Morpho Protocol, used to fund the Michigan AI data center expansion and forming part of a broader BTC-backed credit strategy. StockTitan independently corroborates the same figures and details, providing consistent secondary confirmation.
Summary
Hyperscale Data said it secured a $30 million Bitcoin-backed loan through Morpho, adding to its use of decentralized finance to fund infrastructure growth without selling its treasury asset outright. The U.S.-listed company, trading under DAT, said the proceeds will be used to expand its AI data center in Michigan. It also said it sold about 100 BTC last week and established a BTC-backed credit facility as part of its AI infrastructure investment strategy.
Terms & Concepts
- Morpho: A decentralized finance lending protocol used for Bitcoin-backed borrowing.
- BTC-backed loan: A loan secured by Bitcoin collateral.
- DeFi: Decentralized finance using blockchain-based financial services.