Hyperscale Data Unveils Bold Bitcoin Treasury Plan

Hyperscale Data, Inc. (AMEX:GPUS) saw its shares slip in Tuesday’s premarket trading after unveiling plans to purchase roughly $20 million worth of Bitcoin (CRYPTO: BTC/USD) for its treasury.

The move will be financed in part through proceeds from its recently announced at-the-market equity offering.

The company, currently valued at around $15 million, said it views its true asset value as significantly higher and believes this investment in digital assets will highlight that disconnect.

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Executives said Bitcoin …

Full story available on Benzinga.com