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Hyperscale Data shifts Michigan site to AI
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Hyperscale Data shifts Michigan site to AI

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  • Hyperscale Data has shut down Bitcoin mining at its Michigan data centre.
  • The AI agreement could generate about US$1.2 billion over 20 years.
  • GPUS shares fell to US$0.22 as the company expanded its AI strategy.

Hyperscale Data has switched off all Bitcoin (CRYPTO:BTC) miners at its Michigan data centre to prepare for AI infrastructure.

The company said the miners were turned off on September 1 after reaching an agreement with an unnamed California-based neocloud provider.

The 20-megawatt agreement could generate roughly US$1.2 billion over 20 years, while a further 32 MW could lift revenue above US$3 billion.

Hyperscale Data estimates the initial agreement would use about 20% of the roughly 340 MW of power capacity targeted for the Michigan site.

The company sold 830 BTC for roughly US$53 million over five weeks to fund development and equipment for the Michigan project.

GPUS traded as low as US$0.22 and had fallen more than 76% in 2026 at the time of The Block's report.

The company has not fully exited Bitcoin mining, with about 10 MW still operating at its Montana site and a potential 125 MW expansion under review.

At the time of reporting, Bitcoin price was $77,723.78.

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