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Hyperscale Data established a new subsidiary to independently operate mining, and Reap plans to launch multi-national local currency stablecoins to facilitate 24/7 foreign exchange clearing

According to BBX data, yesterday, publicly listed companies in the U.S. and cross-border financial infrastructure disclosed the latest developments in the restructuring of cryptocurrency businesses and global compliance stablecoin settlements. The core information is as follows:Hyperscale Data (NYSE: $GPUS) established a subsidiary, Patriot BTC, to independently undertake mining operations and assets: Nasdaq-listed Bitcoin mining company and AI data center infrastructure company Hyperscale Data officially announced the establishment of a new wholly-owned subsidiary, Patriot BTC. The purpose of this subsidiary is to hold and operate the company's cryptocurrency mining business, mining machines, and related on-chain assets as a completely independent business entity, in order to further optimize the overall asset structure of the parent company and align with the implementation of the AI computing power center strategy.Reap plans to launch multi-national local currency stablecoins to build a 24/7 on-chain foreign exchange trading network: The multinational payment technology platform Reap, which has received strategic support from Kraken's parent company Payward and is a core partner of Visa, announced plans to successively launch local currency stablecoins in multiple countries and regions to achieve 24/7 on-chain foreign exchange settlements. Reap will first launch the Mexican Peso (MXN) stablecoin and is accelerating the exploration of issuing various local currency stablecoins, including the Hong Kong Dollar (HKD), Euro (EUR), South Korean Won (KRW), and Japanese Yen (JPY). This layout aims to completely break the physical limitations of traditional commercial bank operating hours, providing multinational companies with efficient and low-friction on-chain cross-border foreign exchange clearing solutions during nighttime and weekends.

Gate Launchpool's three major activities are running simultaneously, and the MarsCat (MCAT) prize pool exceeds one million dollars

According to official news, the Gate Launchpool Phase 375 MarsCat (MCAT) event is currently underway and will last until September 24 at 20:00 (UTC+8). Users can stake USDT, GT, or MCAT to share 2,000,000 MCAT tokens for free, with the current prize pool exceeding one million dollars. Among them, the total amount of USDT staked has reached 83,708,714.6 USDT, with an estimated annualized return rate of 13.69%; the estimated annualized return rate for the GT staking pool is 174.53%; and the estimated annualized return rate for the MCAT staking pool is 7522.57%.In addition, the Gate Launchpool CP and ALIGN events are simultaneously ongoing, with three major Launchpool activities running in parallel, providing users with diverse staking options. In the Gate Launchpool CP event, the total amount of ETH staked has reached 15,974.39 ETH, with an estimated annualized return rate of 3.15%; the estimated annualized return rate for the BTC staking pool is 1.41%; and the estimated annualized return rate for the CP staking pool is 61.65%. In the Gate Launchpool ALIGN event, the total amount of USDT staked has reached 137,165,777.41 USDT, with an estimated annualized return rate of 4.76%; the estimated annualized return rate for the GT staking pool is 0.96%; and the estimated annualized return rate for the ALIGN staking pool is 116.85%.

first_img Hyperscale Data has stopped Bitcoin mining in Michigan, and its Bitcoin holdings have shrunk by about 79%

The U.S. publicly traded company Hyperscale Data has terminated all Bitcoin mining operations at its Michigan facility to convert the site into infrastructure for artificial intelligence data center clients. The company stated on Wednesday that all Bitcoin mining machines in the facility have been shut down following an inspection by an unnamed California neocloud provider, and plans to sell the related mining equipment.Hyperscale Data stated that the client has signed a 10-year master service agreement, contracting 20 megawatts (MW) of AI computing power, with two optional extensions of 5 years each. The company estimates that this agreement could generate over $1.2 billion in revenue over the maximum 20-year term, and if the client exercises an additional 32 MW option, potential revenue could exceed $3 billion, while the site is expected to ultimately support 340 MW. However, the company also cautioned that its expansion plans are still in the preliminary stages and depend on financing, approvals, and other risks.Meanwhile, Hyperscale has significantly reduced its Bitcoin holdings to fund AI construction. Affected by the company's completion of a four-for-one reverse stock split and other factors, its stock price closed at $0.1984 on Wednesday, down about 17%, marking a record low adjusted for the stock split. According to BitcoinTreasuries.NET data, the company currently holds approximately 215 Bitcoins, valued at about $16.7 million, a decrease of about 79% from around 1,006 at the end of July, ranking 84th among publicly traded companies tracked on the platform.
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