Hyperscale Data shifts Michigan site from Bitcoin mining to AI data centers

  • Hyperscale Data halted Bitcoin mining at its Michigan facility and is preparing the site for AI data-center customers.
  • The company reported $36 million in cash and restricted cash plus 215 Bitcoin, valued at about $53 million combined as of September 3, 2026.
  • Its California neocloud agreement covers 20 megawatts for 10 years, with extensions potentially generating more than $1.2 billion over 20 years.

Hyperscale Data stopped all Bitcoin mining at its Michigan facility and is redirecting the site toward AI data-center customers under a master services agreement with a California-based neocloud provider. As of September 3, 2026, the company reported approximately $36 million in cash and restricted cash and 215 Bitcoin, valued at about $18 million using an $81,500 Bitcoin price, for combined holdings of approximately $53 million, nearly 200% of its equity market capitalization. The agreement has an initial 10-year term, covers 20 megawatts and includes two five-year customer extension options that could bring total revenue above $1.2 billion over 20 years. Hyperscale Data said it sold part of its Bitcoin to fund the Michigan buildout and expects to divest Ault Capital Group in 2027, subject to stated conditions.

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