Hyperscale Data taps Morpho DeFi facility, borrows about $30 million against bitcoin at 4.9% rate
Reuters2026/08/05 21:52- Hyperscale Data implemented a Bitcoin-backed DeFi borrowing facility via the Morpho Protocol, pledging part of its Bitcoin holdings as collateral.
- About $30 million was outstanding as of Aug. 2, 2026, at a variable interest rate of about 4.9%.
- Borrowings are overcollateralized, subject to collateral maintenance requirements, with liquidation triggers tied to collateral value.
- Proceeds earmarked for development of its Michigan AI data center campus, working capital, general corporate purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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