Hyperscale Data secures $30M BTC-backed loan via Morpho

Hyperscale Data secures $30M BTC-backed loan via Morpho Hyperscale Data, a U.S.-listed Bitcoin accumulation company trading under DAT, secured a $30 million BTC-backed loan through DeFi lending protocol Morpho, The Block reported. The funds are set to be used to expand an AI data center in Michigan. The company also said it sold about 100 BTC last week and established a BTC-backed credit facility as part of its AI infrastructure investment strategy.