Hyperscale Data, Inc. (NYSE American: GPUS) has announced a reduction of approximately $30 million in non-related debt this year. The company achieved this through repayments and debt conversions, significantly lowering its leverage and enhancing liquidity. This strategic move aims to bolster Hyperscale Data's financial resilience, enabling it to fund large-scale infrastructure projects and create long-term shareholder value. The debt reduction supports Hyperscale Data's expansion plans at its 617,000-square-foot Michigan facility, which is designed to accommodate enterprise AI workloads and efficient Bitcoin mining operations. By improving its financial standing, the company aims to access growth capital on favorable terms, aligning with its goal of supporting advanced technological operations.
Hyperscale Data Reduces $30M Debt to Enhance AI and Bitcoin Operations
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