Daily Market Updates: Bitcoin miner Hyperscale sells most BTC to fund AI data center pivot

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Bitcoin miner Hyperscale sells most BTC to fund AI data center pivot

The company said the sale funds an AI data center pivot and that it expects to rebuild its Bitcoin holdings via future mining and purchases.

Reported · Written up by our desk · Bitcoin

Decrypt reports that Bitcoin miner Hyperscale has sold most of its Bitcoin, using the proceeds to support an AI data center pivot.

In a statement, the outlet says Hyperscale indicated it intends to rebuild its Bitcoin exposure by continuing to mine and making future Bitcoin purchases.

The company did not abandon its Bitcoin strategy, even as it shifted resources toward building out its AI data center plan, according to Decrypt.

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DecryptAnother Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot

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Bitcoin miner Hyperscale sells most BTC to fund AI data center pivot

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