LAS VEGAS, June 24, 2026, 07:06 (PDT)
- Hyperscale Data has inked its first master services deal for 20 MW of AI compute power at its Michigan campus. The company expects more than $1.2 billion in revenue if the contract is carried out over its full term.
- GPUS last changed hands at $0.272, climbing around 6.4% on the day after an intraday peak of $0.3867.
- The company said it holds 726.9425 bitcoin in its treasury. Management is set to brief investors later Wednesday about plans to expand in Michigan and Montana.
Hyperscale Data Inc. shares traded higher in New York Wednesday after the company announced a 10-year deal with a California neocloud provider for AI compute at its Michigan campus. The agreement covers the supply of capacity for artificial intelligence work. A neocloud is a cloud firm set up mainly to rent out power for AI.
The stock last changed hands at $0.272, up roughly 6.4% on the NYSE American. Shares started at $0.3199 and climbed to $0.3867 before pulling back. Around 262.3 million shares traded.
Hyperscale has signed an MSA covering 20 MW of AI compute, with operations scheduled to start in Q4 2026. The master services agreement lays out the core terms for the two parties. The customer has the option to take the total deal up to 52 MW. Hyperscale said its revenue could top $3.0 billion if all expansions and extensions hit.
Alliance Cloud Services is converting roughly 60,000 square feet at the Michigan campus, the company said. It expects the first 20 MW phase to run between $100 million and $120 million.
CEO William B. Horne said the services could begin to bring in “material, high-margin revenue” by late September 2026. Executive Chairman Milton “Todd” Ault III called the signed MSA a “significant milestone.” Stock Titan
Hyperscale said it will move some operations at its Michigan campus away from bitcoin mining. The company currently has about 28 MW of bitcoin mining there. It plans to keep mining bitcoin at its Montana site.
Hyperscale reported Tuesday that as of June 21, it held 726.9425 bitcoin—via Sentinum and Ault Capital Group—valued at around $45.9 million based on bitcoin’s $63,238 close that day. Ault said the company remains confident in the “long-term value of digital assets.” PR Newswire
Hyperscale is moving into the same space as Applied Digital, which is a bigger player in AI data centers. Applied Digital landed a 15-year lease for 210 MW with a U.S. hyperscaler this month. The contract, with a major cloud client, should bring in around $5.2 billion over the base term.
Power is still the sticking point. Reuters Events said this week U.S. data-center power needs could jump to 66 GW in 2027, up from 31 GW in 2025, quoting a Goldman Sachs note. Sam Chandan, who started the Chen Institute for Global Real Estate at NYU Stern, called access to power a “binding constraint” for digital infrastructure growth. Reuters
The Michigan plan still comes down to execution. The customer wasn’t named, expansion rights aren’t locked in, and Hyperscale said any bigger rollout will need both financing and power approvals. The funding issue is more acute after the company set up an at-the-market stock sale program for up to $300 million last week. That kind of program lets Hyperscale sell shares over time, which can dilute current holders.
Management plans a call for 2:30 p.m. PT on Wednesday, covering Michigan results, Montana build-out and a long-term goal of 590 MW for those sites. The Montana project could use small modular reactors, which are factory-made nuclear units, according to the company.
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