Overview
- Hyperscale Data said on Monday, June 15, 2026 that negotiations with a prospective customer have advanced and that Alliance Cloud Services (ACS), a wholly owned subsidiary, is expected to enter a master services agreement to provide colocation and AI compute services at the Michigan Campus.
- If the not‑yet‑signed agreement is executed, the company expects the first 10 megawatts of GPU power to be operational within 90 days and a second 10 megawatts 90 days after that, targeting roughly 20 MW this year.
- Management said it will likely wind down all Bitcoin mining at the Michigan Campus over several months to free power and rack space for AI customers as the services come online.
- Hyperscale presented company estimates that 20 MW under long‑term contracts could generate more than $1 billion over 20 years and that a staged expansion to 52 MW could total about $2.5 billion, while stressing these figures are preliminary and depend on contract finalization.
- The stock jumped roughly 29% in pre‑market trading after the update and the company emphasized significant execution risks including contract signing, permitting, engineering, utility agreements and financing even as it says the campus could eventually support more than 300 MW.