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

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.