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Hyperscale Data Ends Cryptomining Operations at Michigan Data Center
Hyperscale said the Michigan site will host 20 megawatts of AI capacity and that Bitcoin holdings have fallen 79% since late July.
- Hyperscale Data, Inc. ceased all Bitcoin mining operations at its Michigan facility on September 1, 2026, preparing the site for deployment of a California-based neocloud provider's artificial intelligence infrastructure.
- This transition follows a master services agreement signed with the Customer to deploy 20 megawatts of computing capacity under a 10-year initial term with two five-year extension options.
- Hyperscale Data's Bitcoin holdings have fallen about 79% since late July to 215 BTC, worth about $16.7 million, while shares closed at $0.1984 on Wednesday, down about 17%.
- William Horne, Chief Executive Officer, stated the shutdown allows the team to focus resources on preparing the Facility for the Customer, estimating deployment requires approximately 20% of 340 megawatts of potential capacity.
- Executives previously noted that mining companies repurposing sites for AI are 'sitting on a gold mine,' with the site potentially generating revenue exceeding $1.2 billion over the maximum 20-year term.
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Hyperscale Data Has Ceased Bitcoin Mining Operations in Michigan as It Fulfills the Requirements of the AI Data Center Master Services Agreement Expected to be Worth Approximately $1.2 Billion
/PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company anchored by Bitcoin ("Hyperscale Data" or...
·Chicago, United States
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Hyperscale pulls a Michigan site off the Bitcoin network for a $1.2 billion AI deal
Another segment of Bitcoin’s global mining capacity came offline this week. Hyperscale Data (NYSE American: GPUS) turned off its Bitcoin miners at its facility in Dowagiac, Michigan, on September 1 and is now converting the site to an AI co-location cash contract worth over $1.2 billion as detailed by the company’s statement on September 2....
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