Overview
- Hyperscale Data reported a $30 million year-to-date reduction in non-affiliated debt through repayments and conversions, increasing liquidity for expansion.
- The company confirmed installation of 1,000 Bitmain Antminer S21+ units will begin the week of October 13 at the Michigan facility in roughly 4‑MW phases to avoid disruption.
- Management expects the upgrade to boost hashing efficiency, with a longer-term plan for about 5,000 S21+ machines consuming approximately 20 MW.
- The 617,000‑square‑foot campus, operated by Alliance Cloud Services, is slated to grow power capacity from 30 MW to 70 MW by mid‑2027 with potential to reach 340 MW, supporting both AI compute and Bitcoin mining.
- The company is building a Bitcoin treasury toward $100 million by retaining mined output and allocating $29.8 million for purchases, with weekly reporting; shares saw premarket gains in Benzinga checks and later volatility reported by CoinCentral.