$71M in Bitcoin, $56M Market Cap: Why Hyperscale Data Isn't the Easy Buy It Appears
Hyperscale Data held 1,106.0467 BTC worth about $71.7 million, exceeding its roughly $56.4 million market capitalization by approximately $15 million. The apparent discount is complicated by $216.7 million in total liabilities, a $90.1 million preferred liquidation preference and potentially restricted Bitcoin collateral.