Hyperscale Data CEO Reaffirms Commitment to Bitcoin in Open Letter
Company Strategy and Financial Outlook: Hyperscale Data's executive chairman, Milton Ault III, reassured investors about the company's strong position despite recent Bitcoin market fluctuations, highlighting estimated total assets of $330 million and a clear path to profitability by 2026.
Bitcoin Focus and Mining Operations: Ault emphasized the company's commitment to increasing its Bitcoin holdings and mining output, planning to dollar-cost average into Bitcoin indefinitely and aiming to grow holdings beyond $100 million.
Operational Challenges and Regrets: Ault acknowledged past mistakes related to Bitcoin ownership and banking issues, expressing regret over selling Bitcoin and comparing the company's strategy to that of Michael Saylor's Bitcoin-focused approach.
Data Center Expansion Plans: The Michigan AI data center is a key asset for Hyperscale Data, with plans to expand its capacity from 30 megawatts to potentially 340 megawatts, supporting the company's AI and high-performance computing initiatives.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36072.728 | 48036.364 | 60342.748 | 72306.384 | 84612.768 | 96576.404 | 108882.788 |
| Fibonacci | 48036.364 | 57307.512 | 63035.236 | 72306.384 | 81577.532 | 87305.256 | 96576.404 |
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