Hyperscale Data CEO Reaffirms Commitment to Bitcoin in Open Letter

Company Strategy and Financial Outlook: Hyperscale Data's executive chairman, Milton Ault III, reassured investors about the company's strong position despite recent Bitcoin market fluctuations, highlighting estimated total assets of $330 million and a clear path to profitability by 2026.

Bitcoin Focus and Mining Operations: Ault emphasized the company's commitment to increasing its Bitcoin holdings and mining output, planning to dollar-cost average into Bitcoin indefinitely and aiming to grow holdings beyond $100 million.

Operational Challenges and Regrets: Ault acknowledged past mistakes related to Bitcoin ownership and banking issues, expressing regret over selling Bitcoin and comparing the company's strategy to that of Michael Saylor's Bitcoin-focused approach.

Data Center Expansion Plans: The Michigan AI data center is a key asset for Hyperscale Data, with plans to expand its capacity from 30 megawatts to potentially 340 megawatts, supporting the company's AI and high-performance computing initiatives.