100 BTC is the disclosed treasury sale from Hyperscale Data, one half of a two-part funding structure aimed at building an AI data center in Michigan. The Bitcoin miner is combining that liquidation with a BTC-backed credit facility, meaning both legs of the raise rest on the same underlying asset: $BTC.
Treasury sale plus BTC credit line
The funding has two components. Hyperscale Data sells 100 $BTC outright from its mined reserves, converting treasury Bitcoin into project capital. A BTC-backed credit facility provides the second tranche of borrowing, with the company's Bitcoin serving as collateral against the loan.
That pairing creates correlated exposure on both sides. If $BTC falls, the proceeds from coins already liquidated cannot be recovered, and the value of coins backing the credit line compresses at the same time. A margin call during a downturn would force the company to post additional collateral or reduce the facility under price pressure.
The source does not name the buyer of the 100 BTC, disclose the execution price, or detail the facility's terms. The actual dollar capital raised from the sale is not calculable from the available disclosure.
A potential contract, not a signed one
Hyperscale Data describes the Michigan AI campus as tied to a potential multi-billion-dollar infrastructure contract. Potential is the operative word: the agreement is not executed. The company is deploying hard treasury assets before the contract has closed, which means capital is at risk ahead of any confirmed revenue from the build.
What the disclosure does not supply
One hard figure appears in the source: 100 BTC. Project cost, facility specifications, credit facility size, build timeline, and the dollar value of the liquidation at execution are all absent. The arithmetic between a 100 BTC treasury sale and a multi-billion-dollar contract target requires numbers Hyperscale Data has not yet disclosed.