A Tiny Miner With $100M Bitcoin Ambition Is Back At The ‘Halfway’ Mark
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Key points:
Hyperscale Data’s Bitcoin treasury reached roughly $50.3 million, backed by holdings of around 663 Bitcoin from mining and open-market purchases.
The company has surpassed the halfway mark toward its $100 million Bitcoin treasury goal for the second time.
The update follows the company’s disclosure earlier this month that its total assets, including Bitcoin and cash, reached about $102 million.
Hyperscale Data, Inc (GPUS), a Bitcoin (BTC) mining and infrastructure company, disclosed on Tuesday that its Bitcoin treasury reached roughly $50.3 million, backed by holdings of around 663 Bitcoin, generated through mining operations and acquired through open-market purchases.According to TheFly, the company has once again crossed the $50 million mark, pushing it past the halfway point toward its broader goal of building a $100 million Bitcoin treasury. The milestone marks the second time Hyperscale has reached this level.
“Crossing $50M in Bitcoin for a second time is a significant milestone for the Company and underscores our conviction that Bitcoin should remain a core balance sheet asset,” said Milton “Todd” Ault III, Executive Chairman. He added that the company intended to continue expanding its holdings through both mining output and market purchases as part of its long-term asset strategy.
Hyperscale’s stock was up by 0.98% during the pre-market trading hours, after closing in the red on Monday. On Stocktwits, the retail sentiment around GPUS remained in the ‘neutral’ zone, while chatter stayed at ‘normal’ levels over the past day.
Assets Previously Topped GPUS’ Market Cap
The latest milestone comes shortly after Hyperscale reported that its total assets, including Bitcoin holdings and cash, had reached $102 million, nearly double its market capitalization at the time. The company had reported that its Bitcoin treasury stood at around $44 million, while cash and restricted cash totaled roughly $58 million, highlighting the growing role of digital assets in its balance sheet.
Hyperscale has increasingly positioned itself at the intersection of Bitcoin mining and data center infrastructure, aligning with a broader industry trend where top crypto firms like Mara Holdings Inc (MARA) and Hut 8 Corp (HUT) have expanded into artificial intelligence (AI) and high-performance computing.
source: https://www.tradingview.com/news/stocktwits:726601808094b:0/
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