Hyperscale Data has shut down all Bitcoin miners at its Michigan data center as it pivots the site toward AI computing infrastructure. The company signed a 20 MW master service agreement with an unnamed California cloud service provider that is expected to generate about $1.2 billion in revenue over 20 years.
The agreement includes a 32 MW expansion option that could lift total revenue beyond $3 billion if exercised. To support the transition, Hyperscale Data recently sold 830 BTC for about $53 million and still holds 275 BTC worth roughly $21.2 million. The company continues to operate around 10 MW of Bitcoin mining capacity in Montana and is evaluating an additional 125 MW expansion there.
Hyperscale Data Shuts Michigan Bitcoin Mine to Repurpose Site for AI
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