Hyperscale Data Plans to Establish Patriot BTC to Spin Off Bitcoin Mining Business
U.S. publicly traded data center company Hyperscale Data (GPUS) announced plans to establish a new subsidiary, Patriot BTC, which will house the Montana data center, Bitcoin mining machines, and related mining infrastructure, separating the Bitcoin mining operations from the Michigan AI data center project. Hyperscale Data stated that management is evaluating the possibility of making Patriot BTC a publicly traded entity through a spin-off or other transactions. Currently, the new subsidiary has not yet been officially established, and the specific transaction structure has not been approved.