Hyperscale Data, Inc. (GPUS) announced it is in advanced negotiations for a master services agreement to provide 20 megawatts (MW) of power for AI compute at its Michigan data center campus. The agreement is expected to be finalized in the coming weeks and is projected to generate over $1.0 billion in revenue over a 20-year term. As part of this strategic shift to higher-margin AI services, the company plans to phase out its Bitcoin mining operations at the facility.

Key Details

  • Agreement Value: Expected to exceed $1.0 billion in revenue over a 20-year term.
  • Power Capacity: Initial agreement covers 20 MW of power, with the first 10 MW operational within 90 days of execution, followed by another 10 MW 90 days thereafter.
  • Expansion Potential: The customer may expand to a total of 52 MW by 2028, which could increase the total contract value to over $2.5 billion.
  • Strategic Shift: The company will likely cease all Bitcoin mining operations at the Michigan campus to redirect power capacity to this AI customer.