Hyperscale Data, the company trading under the ticker $GPUS, just signed a deal that could be worth more than $1.2 billion over the next decade. The Master Services Agreement, inked on June 24 with an unnamed California-based neocloud provider, commits the company to delivering 20 megawatts of AI compute capacity at its Michigan data center.
Here’s the thing: that 20 MW is just the opening act. The customer has options to scale up to 52 MW, with a further right to an additional 32 MW on top of that. If all expansion options get exercised, the total deal value could exceed $3 billion.
From mining rigs to AI racks
Hyperscale Data is reallocating approximately 28 MW of power currently dedicated to Bitcoin mining operations at its Michigan campus and redirecting it toward AI and high-performance computing services.
The company plans to invest an estimated $100 to $120 million in capital expenditures to retrofit around 60,000 square feet of its data center for AI workloads. Bitcoin mining operations won’t disappear entirely. Hyperscale Data intends to maintain its mining activities at a separate site in Montana while the Michigan campus undergoes its transformation.
