Add as a preferred source on GoogleHyperscale Data Moves Investor Day to Nov. 23 After Bitcoin Exit
Management plans to discuss debt reduction and its December target for activating an initial 10 MW at its Michigan data center.
Hyperscale Data moved its virtual Investor Day to Nov. 23 from Nov. 12, setting a new date for management to update investors on debt reduction and its Michigan data center project.
The agenda includes the company’s December goal to activate an initial 10 MW of critical IT capacity at the Michigan site. “We believe bringing that capacity online is our quickest path to profitability,” CEO Will Horne said.
The company tied the date change to its proposed exchange offer for Class A common stock. The event follows Hyperscale Data’s exit from its Bitcoin (BTC) treasury, which brought in about $74.4 million across sales since late July.
Hyperscale Data also expects to file its third-quarter Form 10-Q by Nov. 23.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.