Hyperscale Data's Subsidiary Signs Multi-Year Agreement for AI Implementation in Michigan Data Center
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[1]
Hyperscale Data Subsidiary, Alliance Cloud Services, Signs Multi-Year Agreement in Support of an Artificial Intelligence Implementation Within its Michigan Data Center By Investing.com
LAS VEGAS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (Hyperscale Data or the Company), today announced that its wholly owned subsidiary, Alliance Cloud Services, LLC (Alliance Cloud) has signed a three year agreement, for space, power and connectivity within Alliance Cloud's Michigan Data Center to a Silicon Valley based cloud services provider. The implementation includes an initial seven (7) server cabinets with capability to add an additional five (5) server cabinets. The server cabinets will start out using approximately 40 kilowatts per cabinet with cabinet level cooling capable of handling twice that density. While only utilizing a small portion of the 100,000 sq.ft. data center and a small portion of the data center's 28 megawatts (MW) of available power capacity, the infrastructure being implemented is illustrative of the high-density power and cooling solutions required to support today's sophisticated computing requirements. The Company is very proud of the progress made by Alliance Cloud and the operating team in Michigan. Moreover, the signing of this agreement is an important milestone in both the development of our data center business, which we expect to develop to 300+ MW of power over the next four years, and a crucial element in our transition to making the Company a pure-play in the data center space, stated William Horne, CEO of Hyperscale Data. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov. About Hyperscale Data, Inc. Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as believes, plans, anticipates, projects, estimates, expects, intends, strategy, future, opportunity, may, will, should, could, potential, or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company's website at www.hyperscaledata.com.
[2]
Hyperscale Data Subsidiary, Alliance Cloud Services, Signs Multi-Year Agreement in Support of an Artificial Intelligence Implementation Within its Michigan Data Center - Hyperscale Data (AMEX:GPUS)
LAS VEGAS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. GPUS, a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its wholly owned subsidiary, Alliance Cloud Services, LLC ("Alliance Cloud") has signed a three year agreement, for space, power and connectivity within Alliance Cloud's Michigan Data Center to a Silicon Valley based cloud services provider. The implementation includes an initial seven (7) server cabinets with capability to add an additional five (5) server cabinets. The server cabinets will start out using approximately 40 kilowatts per cabinet with cabinet level cooling capable of handling twice that density. While only utilizing a small portion of the 100,000 sq.ft. data center and a small portion of the data center's 28 megawatts ("MW") of available power capacity, the infrastructure being implemented is illustrative of the high-density power and cooling solutions required to support today's sophisticated computing requirements. "The Company is very proud of the progress made by Alliance Cloud and the operating team in Michigan. Moreover, the signing of this agreement is an important milestone in both the development of our data center business, which we expect to develop to 300+ MW of power over the next four years, and a crucial element in our transition to making the Company a pure-play in the data center space," stated William Horne, CEO of Hyperscale Data. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov. About Hyperscale Data, Inc. Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company's website at www.hyperscaledata.com. Hyperscale Data Investor Contact: [email protected] or 1-888-753-2235 Market News and Data brought to you by Benzinga APIs
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Hyperscale Data's subsidiary, Alliance Cloud Services, has signed a three-year agreement with a Silicon Valley-based cloud services provider for space, power, and connectivity in its Michigan Data Center to support an artificial intelligence implementation.
Hyperscale Data Subsidiary Secures Major AI Infrastructure Deal
Hyperscale Data, Inc. (NYSE American: GPUS), a company transitioning into a pure-play data center operator, has announced a significant development in its artificial intelligence (AI) infrastructure business. The company's wholly-owned subsidiary, Alliance Cloud Services, LLC, has entered into a three-year agreement with a Silicon Valley-based cloud services provider for its Michigan Data Center 12.
Agreement Details and Technical Specifications
The agreement encompasses space, power, and connectivity within Alliance Cloud's Michigan facility. Key aspects of the implementation include:
- Initial deployment of seven server cabinets, with the potential to add five more
- Each cabinet will initially use approximately 40 kilowatts of power
- Cabinet-level cooling capable of handling twice the initial power density
- Utilization of a small portion of the 100,000 sq.ft. data center
- Access to a fraction of the data center's 28 megawatts (MW) of available power capacity 12
While the current implementation uses only a small part of the available resources, it showcases the high-density power and cooling solutions necessary for advanced computing requirements, particularly in AI applications.
Strategic Importance and Future Plans
William Horne, CEO of Hyperscale Data, emphasized the significance of this agreement:
"This is an important milestone in both the development of our data center business, which we expect to develop to 300+ MW of power over the next four years, and a crucial element in our transition to making the Company a pure-play in the data center space." 12
This deal marks a pivotal step in Hyperscale Data's strategic shift from a diversified holding company to a focused data center operator supporting high-performance computing services, including AI ecosystems.
Company Background and Transition
Hyperscale Data is undergoing a significant transformation:
- Transitioning from a diversified holding company to a specialized data center operator
- Owns and operates data centers for digital asset mining and colocation services
- Provides various tech-related services through subsidiaries, including an AI software platform
- Actively engaged in private credit and structured finance through a licensed lending subsidiary 12
The company's headquarters are located in Las Vegas, Nevada, and it trades on the NYSE American under the ticker GPUS.
Market Implications and Industry Trends
This agreement reflects the growing demand for specialized infrastructure to support AI implementations. As companies increasingly adopt AI technologies, the need for high-density, high-performance data center solutions is likely to grow. Hyperscale Data's strategic pivot positions it to capitalize on this trend in the rapidly evolving AI and data center markets.
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