Hyperscale Data (NYSE: GPUS) said it will form a new subsidiary, Patriot BTC, to hold its cryptocurrency mining business and related assets as a separate operation. According to Foresight News, the proposed transaction is intended to separate the company’s Bitcoin mining business from its AI data center strategy in Michigan.

As part of the plan, Hyperscale Data expects to transfer all operating assets used in its cryptocurrency mining business to Patriot BTC, including the data center in Montana, Bitcoin miners, mining equipment, and related infrastructure.