Hyperscale Data Announces Intent to Sell Land Leases and Power Contracts of its Montana Data Properties to Focus on Michigan Flagship Campus
Hyperscale Data (NYSE American: GPUS) has announced plans to sell its Montana data center properties' land leases and power contracts to focus on expanding its Michigan flagship campus. The Montana assets include two properties, each capable of providing 10 MW of power, with one site currently operational for crypto mining.
The company's Michigan facility, operated by Alliance Cloud Services, currently offers 30 MW of power capacity and is planned to expand to 70 MW within 20 months. With proper approvals and funding, the facility could potentially grow to 340 MW, positioning itself as a major artificial intelligence (AI) and high-performance computing (HPC) hub.
Hyperscale Data (NYSE American: GPUS) ha annunciato l'intenzione di cedere i contratti di locazione del terreno e di fornitura energetica dei suoi data center in Montana per concentrarsi sull'espansione del campus principale del Michigan. Gli asset in Montana comprendono due siti, ciascuno in grado di fornire 10 MW di potenza, di cui uno è attualmente operativo per il mining di criptovalute.
La struttura nel Michigan, gestita da Alliance Cloud Services, dispone oggi di una capacità di 30 MW e il piano prevede di portarla a 70 MW entro 20 mesi. Con le necessarie approvazioni e finanziamenti, l'impianto potrebbe arrivare a 340 MW, candidandosi a diventare un importante polo per l'intelligenza artificiale (AI) e l'elaborazione ad alte prestazioni (HPC).
Hyperscale Data (NYSE American: GPUS) ha anunciado su plan de vender los contratos de arrendamiento de terrenos y de energía de sus centros de datos en Montana para centrarse en la expansión de su campus principal en Michigan. Los activos de Montana incluyen dos propiedades, cada una con capacidad para suministrar 10 MW de potencia, y uno de los sitios está actualmente en funcionamiento para minería de criptomonedas.
La instalación en Michigan, operada por Alliance Cloud Services, ofrece actualmente una capacidad de 30 MW y está prevista su ampliación hasta 70 MW en 20 meses. Con las aprobaciones y la financiación adecuadas, la planta podría llegar a 340 MW, posicionándose como un importante centro para la inteligencia artificial (IA) y la computación de alto rendimiento (HPC).
Hyperscale Data (NYSE American: GPUS)는 미시간 주 핵심 캠퍼스 확장에 집중하기 위해 몬태나 데이터센터의 토지 임대권 및 전력 계약을 매각할 계획이라고 발표했습니다. 몬태나 자산은 각각 10MW 전력을 공급할 수 있는 두 개의 부지로 구성되며, 그중 한 곳은 현재 암호화폐 채굴에 사용 중입니다.
Alliance Cloud Services가 운영하는 미시간 시설의 현재 전력 용량은 30MW이며, 20개월 내에 70MW로 확장할 계획입니다. 필요한 승인과 자금 조달이 이루어지면 이 시설은 잠재적으로 340MW까지 성장하여 인공지능(AI) 및 고성능컴퓨팅(HPC)의 주요 허브로 자리매김할 수 있습니다.
Hyperscale Data (NYSE American: GPUS) a annoncé son intention de vendre les baux fonciers et les contrats d'électricité de ses centres de données du Montana afin de se concentrer sur l'expansion de son campus principal dans le Michigan. Les actifs du Montana comprennent deux sites, chacun capable de fournir 10 MW de puissance, dont un est actuellement opérationnel pour le minage de cryptomonnaies.
L'installation du Michigan, exploitée par Alliance Cloud Services, dispose actuellement d'une capacité de 30 MW et devrait être portée à 70 MW d'ici 20 mois. Avec les autorisations et financements appropriés, l'installation pourrait atteindre 340 MW, se positionnant comme un important pôle pour l'intelligence artificielle (IA) et le calcul haute performance (HPC).
Hyperscale Data (NYSE American: GPUS) hat angekündigt, die Pachtverträge für Grundstücke und Stromverträge seiner Rechenzentren in Montana zu verkaufen, um sich auf den Ausbau des Flaggschiff-Campus in Michigan zu konzentrieren. Die Montana-Assets umfassen zwei Standorte, die jeweils 10 MW Leistung bereitstellen können; einer der Standorte ist derzeit für Krypto-Mining in Betrieb.
Die Anlage in Michigan, betrieben von Alliance Cloud Services, verfügt derzeit über eine Kapazität von 30 MW und soll innerhalb von 20 Monaten auf 70 MW erweitert werden. Mit den erforderlichen Genehmigungen und Finanzmitteln könnte die Anlage auf 340 MW wachsen und sich als bedeutendes Zentrum für künstliche Intelligenz (KI) und High-Performance-Computing (HPC) positionieren.
- None.
- Expansion to 340 MW depends on utility agreement, regulatory approval, and funding
- Divestment of operational crypto mining facility may impact current revenue
- Significant capital requirements for Michigan facility expansion
Insights
Hyperscale's strategic shift from Montana crypto mining to Michigan's AI/HPC facility indicates forward-looking resource consolidation, though execution remains uncertain.
Hyperscale Data's announced intention to divest its Montana data center assets represents a significant strategic pivot away from cryptocurrency operations toward higher-value AI and high-performance computing infrastructure. The company is essentially trading short-term cryptocurrency mining operations for long-term AI infrastructure development potential.
The Montana assets include two properties with 10MW capacity each (only one currently developed), secured through lease agreements running until 2032 with extension options. By contrast, the Michigan facility currently offers 30MW with plans to expand to 70MW in under two years, and potentially to 340MW long-term.
This consolidation strategy addresses several business challenges simultaneously. First, it potentially improves capital efficiency by eliminating the operational costs of maintaining multiple smaller facilities. Second, it allows management to concentrate expertise and resources on a single scalable campus rather than splitting attention across disparate locations.
The timing suggests the company may be responding to the diminishing returns in cryptocurrency mining operations relative to the growing demand for AI infrastructure. The Michigan facility's planned natural gas distribution infrastructure for on-site generation indicates a commitment to securing reliable, potentially cost-effective power – a critical competitive advantage in high-density computing.
However, investors should note the numerous contingencies in the expansion plan. The 340MW target depends on securing utility agreements, navigating regulatory hurdles, and obtaining appropriate funding – none of which are guaranteed. Additionally, the sale of Montana assets isn't finalized, making this announcement preliminary rather than definitive.
Company to Strengthen Balance Sheet and Accelerate Growth of AI and HPC Infrastructure at Michigan Facility
In February 2023, BNI Montana, LLC, a wholly owned subsidiary of Sentinum, Inc. ("Sentinum"), which is Hyperscale Data's wholly owned subsidiary, acquired two land lease agreements and two corresponding power purchase agreements in
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For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, 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 the divestiture of ACG (the "Divestiture") to occur in the first quarter of 2026. Upon the occurrence of the Divestiture, the Company will be an owner and operator of data centers to support HPC services, as well as a holder of digital assets. 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 and hotel operations. In addition, ACG is actively engaged in providing 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 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 shareholders 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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SOURCE Hyperscale Data Inc.
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