Hyperscale Data up after 20 MW AI data center agreement
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.