Hyperscale Data launches ATM preferred stock offering plan, aiming to raise $35.4 million to increase Bitcoin holdings

Techub News reports that Hyperscale Data, a Bitcoin treasury company listed on NYSE American under the New York Stock Exchange, has announced the launch of an ATM equity offering plan, aiming to raise $35.4 million through the issuance of Series D cumulative redeemable perpetual preferred shares. The net proceeds will primarily be used to increase holdings of Bitcoin and purchase precious metals such as gold, silver, and/or copper, as well as for working capital and general corporate purposes, including the repayment, refinancing, redemption, or repurchase of future debt or equity.