According to CoinMeta, Hyperscale Data announced the establishment of a Bitcoin-backed DeFi financing plan through Morpho Protocol. As of August 2, the company has borrowed approximately $30 million using some of its Bitcoin reserves as collateral, with a current floating interest rate of around 4.9%. The funds will be mainly used to expand the AI data center in Michigan and to replenish working capital, while maintaining a long-term exposure to the collateralized Bitcoin.