Nasdaq-listed Hyperscale Data shares fell to an all-time low on Wednesday as the company fully wound down bitcoin mining operations at its Michigan data center to clear the way for its growing AI infrastructure business.
According to a Wednesday release, the company said all bitcoin miners at the site were turned off as of Sept. 1, following an agreement to prepare the site for deployment of AI computing infrastructure.
Hyperscale Data's stock (GPUS) traded as low as $0.22 Tuesday morning, extending its decline to over 76% in 2026 alone.
Hyperscale Data (GPUS) stock price chart. Source: Google Finance
The Michigan site is being redeveloped under a master services agreement with an unnamed "California-based neocloud provider." The agreement covers 20 megawatts and could generate roughly $1.2 billion over its 20-year term, according to Hyperscale estimates. The contract also includes a potential 32 MW expansion clause that, if the customer chooses to contract, could bump revenue above $3 billion.
