Quantum Solutions, Hyperscale Data tap crypto treasuries to fund AI data centers

The firm’s board raised the sale cap to 4,375 ETH through Oct. 30, nearly 66% of June holdings, although 3,050 of its remaining ETH is pledged.Aerial view of a data center (Geoffrey Moffett/Unsplash)Tokyo-listed Quantum Solutions sold 1,000 ETH for $1.9M, taking its sales since June to 1,904 ETH, or 29% of its starting balance.The firm’0s board raised the sale cap to 4,375 ETH through Oct. 30, nearly 66% of June holdings, although 3,050 of its remaining ETH is pledged.Another crypto treasury firm Hyperscale Data monetized about 100 BTC and opened a bitcoin-backed credit facility at a 4.5%-5% rate to fund its Michigan AI campus.Tokyo-listed Quantum Solutions (2338) sold 1,000 ETH for $1.9 million and more than doubled its disposal ceiling to fund an AI data center business.The move came as another crypto treasury firm, Hyperscale Data (GPUS), monetized about 100 BTC and opened a bitcoin-backed credit line for a Michigan AI data center..Quantum sold the ETH on July 30 at $1,903 per token, generating $1.903 million after fees, according to a company filing. It expects to recognize a $100,970 loss against the position’s May 31 carrying value of $2,003.97 per ETH, the filing adds.The sale price was 47% below the $3,595.02 average acquisition cost Quantum reported in June.The firm sold 904 ETH for $1.61 million on June 16 at an average price of $1,777 per token. The two disposals raised about $3.51 million and reduced its holdings by 29% to 4,764.8 ETH from 6,668.8 ETH.Quantum’s board raised the cumulative sale limit to 4,375 ETH from 1,875 ETH through Oct. 30, leaving it authorized to sell another 2,471 ETH. Using the full limit would mean disposing of nearly 66% of the holdings it reported in June.Of its remaining ETH, 3,050 tokens are pledged as collateral to an unnamed Singapore financial-services firm, while 1,714.8 ETH remain in a trading account. +Based on the companies’ latest disclosures, the sale also cost Quantum its position as Japan’s largest listed ETH holder. Def Consulting reported holding 4,976 ETH as of June 30.Quantum plans to use the proceeds for data center deposits, GPU servers, networking equipment and working capital. It signed a nonbinding agreement with Hong Kong-based Integrated Capital in June to explore a Japanese data center, though no investment amount, financing terms or timetable has been set.Separately, NYSE American-listed Hyperscale Data said it monetized about 100 BTC and established a bitcoin-backed credit facility carrying an expected variable interest rate of 4.5% to 5%.12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report