Quantum, Hyperscale Sell Crypto to Fund AI Data Centers

Quantum Solutions and Hyperscale Data each redirected part of their crypto treasuries toward AI data centers on July 30, the companies said in separate filings.

Quantum sold 1,000 Ether for $1.903 million. Hyperscale monetized about 100 Bitcoin and established a Bitcoin-backed credit facility, it said.

The Tokyo-listed firm's subsidiary GPT Pals Studio sold the Ether at $1,903 per token, generating $1.903 million after fees. Quantum expects to record a loss of about $100,970 because the sale price was below its May 31 carrying value of $2,003.97 per Ether, it said in a filing.

The July sale followed a June 16 disposal of 904 Ether for about $1.61 million. Together, the two sales raised roughly $3.51 million and reduced Quantum's holdings from 6,668.8 Ether to 4,764.8, a decline of about 28.6%.

Quantum increased its cumulative sale limit to 4,375 Ether through October 30, meaning it could sell another 2,471 Ether. The company said in its filing that the higher ceiling

"does not constitute a decision to immediately sell"

the full amount. Future sales will depend on Ether prices and the progress of its AI data center business.

Of Quantum's remaining Ether, 3,050 is pledged as collateral to a Singapore-based financial services company. Another 1,714.8 Ether sits in its trading account. The unused sale authorization exceeds the freely held balance by 756.2 Ether, so selling the full amount would require releasing or replacing collateral, or buying more Ether. Quantum has not announced plans for any of those steps.

The sale also changed Quantum's standing among Japanese corporate Ether holders. Def Consulting reported 4,976 Ether on June 30, 211.2 more than Quantum's post-sale balance. Based on the latest disclosed figures, Quantum no longer appears to be Japan's largest listed Ether holder, though the balances were reported on different dates.

Hyperscale Data said it monetized about 100 Bitcoin and invested the proceeds into its Michigan AI data center campus. It also created a Bitcoin-backed credit facility with an expected variable interest rate of 4.5% to 5%. The company didn't disclose the lender, borrowing limit, maturity, or collateral ratio.

Hyperscale is building capacity for a neocloud provider under a definitive master services agreement. The initial deployment covers about 20 megawatts with a ten-year term and two optional five-year extensions. The company estimates the maximum term could produce more than $1.2 billion in revenue. The customer also has an option for another 32 megawatts, which Hyperscale said "would be expected" to raise total contract revenue above $3 billion if all options are exercised. Those are conditional forecasts, not revenue earned.

The shift from passive holding to active capital deployment is spreading across crypto-linked infrastructure companies. Core Scientific sold 2,385 Bitcoin during the first quarter to fund AI capital expenditure, the company said. Listed miners have secured more than $70 billion in announced AI and high-performance computing contracts while selling Bitcoin to cover development costs, according to data compiled by Crypto.news.

NVIDIA, whose GPUs are central to the planned infrastructure, closed at $195.04 on July 30, up 2.65%. The company's Alpha Score is 68, indicating moderate performance, according to AlphaScala data.

Quantum's expanded Ether sale authorization expires October 30. The company has promised disclosures if it makes additional sales and expects to recognize the ¥17 million loss in its fiscal second quarter. Hyperscale said it will issue further construction, financing and operational updates. It hasn't provided a timeline.