Hyperscale Data Targets Full Buildout of 340 MW Michigan AI Data Center Campus in 2029
Hyperscale Data (NYSE American: GPUS) has unveiled plans for a major expansion of its Michigan AI data center campus to 340 megawatts (MW) by 2029. The company currently operates 30 MW and plans to increase to 70 MW within 20 months, with full buildout expected within 44 months of utility agreement execution.
To support this expansion, Hyperscale Data has filed a $125 million shelf registration, though no immediate capital raise is planned. The 34-acre Michigan facility currently generates revenue through digital asset mining and colocation services for AI ecosystems. The company has reached preliminary agreements with local utilities to increase available power to 300 MW plus an additional 40 MW from natural gas.
Hyperscale Data (NYSE American: GPUS) ha annunciato un importante ampliamento del suo campus di data center AI in Michigan, portandolo a 340 megawatt (MW) entro il 2029. Attualmente l'azienda gestisce 30 MW e prevede di aumentare a 70 MW entro 20 mesi, con il completamento totale previsto entro 44 mesi dalla firma dell'accordo con il fornitore di energia.
Per sostenere questa espansione, Hyperscale Data ha presentato una registrazione a scaffale da 125 milioni di dollari, anche se non 猫 previsto un immediato aumento di capitale. La struttura di 34 acri in Michigan genera attualmente ricavi tramite mining di asset digitali e servizi di colocation per ecosistemi AI. L'azienda ha raggiunto accordi preliminari con le utility locali per aumentare la potenza disponibile a 300 MW pi霉 ulteriori 40 MW da gas naturale.
Hyperscale Data (NYSE American: GPUS) ha revelado planes para una gran expansi贸n de su campus de centro de datos de IA en Michigan, alcanzando 340 megavatios (MW) para 2029. Actualmente, la empresa opera 30 MW y planea aumentar a 70 MW en 20 meses, con la construcci贸n completa esperada dentro de los 44 meses posteriores a la ejecuci贸n del acuerdo con la compa帽铆a el茅ctrica.
Para apoyar esta expansi贸n, Hyperscale Data ha presentado una registraci贸n en estanter铆a de 125 millones de d贸lares, aunque no se planea una recaudaci贸n inmediata de capital. La instalaci贸n de 34 acres en Michigan genera ingresos actualmente a trav茅s de la miner铆a de activos digitales y servicios de colocation para ecosistemas de IA. La empresa ha alcanzado acuerdos preliminares con las compa帽铆as el茅ctricas locales para aumentar la potencia disponible a 300 MW m谩s otros 40 MW provenientes del gas natural.
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Hyperscale Data (NYSE American : GPUS) a d茅voil茅 des plans pour une expansion majeure de son campus de centre de donn茅es IA dans le Michigan, atteignant 340 m茅gawatts (MW) d'ici 2029. L'entreprise exploite actuellement 30 MW et pr茅voit d'augmenter 脿 70 MW dans les 20 mois, avec une construction compl猫te attendue dans les 44 mois suivant la signature de l'accord avec le fournisseur d'茅nergie.
Pour soutenir cette expansion, Hyperscale Data a d茅pos茅 un enregistrement en attente de 125 millions de dollars, bien qu'aucune lev茅e de fonds imm茅diate ne soit pr茅vue. Le site de 34 acres dans le Michigan g茅n猫re actuellement des revenus gr芒ce 脿 l'extraction d'actifs num茅riques et aux services de colocation pour les 茅cosyst猫mes IA. L'entreprise a conclu des accords pr茅liminaires avec les services publics locaux pour augmenter la puissance disponible 脿 300 MW plus 40 MW suppl茅mentaires provenant du gaz naturel.
Hyperscale Data (NYSE American: GPUS) hat Pl盲ne f眉r eine bedeutende Erweiterung seines AI-Rechenzentrums-Campus in Michigan auf 340 Megawatt (MW) bis 2029 vorgestellt. Das Unternehmen betreibt derzeit 30 MW und plant, innerhalb von 20 Monaten auf 70 MW zu erh枚hen, mit einer vollst盲ndigen Fertigstellung innerhalb von 44 Monaten nach Abschluss des Versorgungsvertrags.
Zur Unterst眉tzung dieser Expansion hat Hyperscale Data eine 125-Millionen-Dollar-Registereintragung eingereicht, obwohl keine sofortige Kapitalerh枚hung geplant ist. Das 34 Hektar gro脽e Gel盲nde in Michigan erwirtschaftet derzeit Einnahmen durch digitales Asset-Mining und Colocation-Dienste f眉r KI-脰kosysteme. Das Unternehmen hat vorl盲ufige Vereinbarungen mit lokalen Versorgungsunternehmen getroffen, um die verf眉gbare Leistung auf 300 MW plus zus盲tzliche 40 MW aus Erdgas zu erh枚hen.
- Strategic expansion to 340 MW positions company for growing AI infrastructure demand
- Existing revenue generation from digital asset mining and colocation services
- Preliminary utility agreements secured for power expansion
- No immediate dilution planned despite $125M shelf registration filing
- Comparable industry project (Applied Digital) projected to generate $7B over 15 years
- Extended 44-month timeline for full buildout completion
- Significant capital requirements for expansion
- Current operations limited to only 30 MW of power
- Final utility authorization still under negotiation
- Existing debt requiring reduction
Insights
Hyperscale Data's 340MW Michigan expansion positions them in the lucrative AI infrastructure market, with phased buildout through 2029.
Hyperscale Data's announcement presents a significant long-term strategic pivot toward becoming a major player in the AI data center space. The company is taking a measured approach with its Michigan facility expansion from the current 30MW to 340MW by Q3 2029 - a more than 11-fold increase in capacity. This phased approach balances ambition with operational reality, as building out data center infrastructure at this scale requires substantial capital, utility coordination, and market development.
The filing of the $125 million shelf registration is a prudent financial move that provides capital raising flexibility without immediate dilution. This mechanism allows the company to access capital markets opportunistically as construction milestones approach, potentially securing better terms than if forced to raise under time pressure.
What's particularly noteworthy is the company's preliminary agreements with utilities for both electric (300MW) and natural gas (40MW) power. Securing power commitments is often the most challenging hurdle in data center development, especially at this scale. The 44-month timeline for full implementation following final agreement execution appears realistic given the infrastructure requirements.
The company's strategic reference to Applied Digital's $7 billion contract with CoreWeave signals their ambitions in the high-margin AI infrastructure space, moving beyond their legacy digital asset mining operations. While Hyperscale doesn't explicitly project their own revenue potential, this comparison provides a benchmark for investors to consider the substantial revenue generation possibilities of successfully executed AI data center projects.
The transition from cryptocurrency mining to AI infrastructure represents a strategic pivot toward more sustainable, regulated revenue streams with higher barriers to entry and potentially more favorable margins. However, the execution risk remains substantial given the competitive landscape and capital requirements for such an ambitious buildout.
Files
The Company currently operates approximately 30 MW of power at the
"We are building a scalable, AI-centric digital infrastructure platform," said William B. Horne, Chief Executive Officer of Hyperscale Data. "As demand for computing power accelerates, our
Shelf Registration Filed to Enable Long-Term Financial Flexibility
To support the
Phased Expansion Timeline:
The
- Current Operations: Approximately 30 MW online and operational;
- Mid-Term Expansion: Add 40 MW by Second Quarter of 2027; and
- 贵耻濒濒听叠耻颈濒诲辞耻迟: Additional 270 MW by Third Quarter of 2029, for a total of 340 MW.
In February 2025, the Company's indirect wholly owned subsidiary, Alliance Cloud Services, LLC ("ACS"), reached an agreement in principle with the local utility to increase available power to 300 MW. The final letter of authorization is currently under negotiation, and once executed, the full upgrade is expected to be completed within 44 months. Additionally,聽ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power.
Positioning for the Future of AI Infrastructure
Hyperscale Data's expansion plan is aligned with surging industry demand for purpose-built, high-density compute infrastructure. The Company cites comparable projects such as Applied Digital Corporation's recently announced 250 MW contract with CoreWeave, Inc., which is projected to generate over
As the Company enters the second half of 2025, it remains focused on reducing debt, streamlining operations and advancing its strategic transition to a pureplay AI data center platform.
For聽more聽information聽on聽Hyperscale Data聽and聽its聽subsidiaries,聽Hyperscale Data recommends that stockholders, investors, and any other interested parties read聽Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com聽or聽available聽at聽.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects to divest itself of ACG (the "Divestiture") on or about December 31, 2025, though there can be no assurance that the Divestiture聽will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company's filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190,
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the
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