Odaily Planet Daily reports that Hyperscale Data has announced the establishment of a Bitcoin-collateralized DeFi financing program via the Morpho Protocol. As of August 2, the company has borrowed approximately $30 million, using a portion of its Bitcoin reserves as collateral, at a current floating interest rate of around 4.9%. The raised funds will primarily be used to expand its Michigan AI data center and supplement working capital, while the company stated it will continue to maintain long-term price exposure to the pledged Bitcoin.
Hyperscale Data borrows $30 million using Bitcoin as collateral to expand its AI data center.
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Summary
On August 2, Hyperscale Data borrowed $30 million using Bitcoin as collateral through the Morpho Protocol. The company intends to use the funds to expand its AI data center in Michigan and for working capital. Bitcoin news underscores the increasing adoption of crypto in DeFi financing. The loan carries a floating interest rate of approximately 4.9%. Inflation data remains a key factor in corporate borrowing strategies. The firm will maintain its long-term Bitcoin exposure despite pledging collateral.
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