Hyperscale Data plans to raise $125 million through a common stock offering to purchase BTC and XRP.

BlockBeats News, August 30, according to PR Newswire, US-listed company Hyperscale Data (NYSE: GPUS) announced that it has established an "at-the-market" equity offering program, under which the company may from time to time sell its common stock to raise up to a total of $125 million.

A portion of the proceeds from this fundraising will be used to purchase bitcoin and expand its Michigan data facility, another portion will be used to purchase XRP, and the remaining proceeds will be used for working capital and general corporate purposes, which may include repayment, refinancing, redemption, or repurchase of future debt or equity.