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Morning Edition · Thursday, August 20, 2026Published at 1:47 AM EDT · New York
Hyperscale Sells 686 Bitcoin to Clear Its Loans and Still Warns It Cannot Fund the Next Year
The sale raised about $43 million and repaid all of the company's bitcoin-backed borrowing on Morpho, leaving roughly 276 bitcoin and a data-center build that needs more than $100 million.
Hyperscale Data sold about 686 bitcoin for roughly $43 million and used the proceeds to repay all of its bitcoin-backed loans on the lending protocol Morpho, cutting debt by about $30 million. The sale ended the immediate risk that a price…
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Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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