Hyperscale Data stock surges 20% after securing $1.2 billion AI data center deal

Why Is Hyperscale Data Stock Gaining Wednesday? - Hyperscale Data (AMEX:GPUS)

The stock rallied after a weak regular session on Tuesday, when shares fell about 10% to close at $0.2557. GPUS Stock Jumps On Neocloud Agreement Hyperscale Data said its subsidiary, Alliance Cloud Services, signed an agreement with a California-based neocloud provider. The agreement covers colocation and data center services. The deal includes 20 megawatts of AI compute capacity, expected to go online in the fourth quarter of 2026, with an option to expand to 52 megawatts. Hyperscale Data expects the agreement to generate more than $1.2 billion over the full term. If the customer exercises the additional 32-megawatt option and extensions, total revenue could exceed $3.0 billion. Michigan Campus Transition Alliance Cloud Services is procuring key equipment and retrofitting about 60,000 square feet at the Michigan campus. Hyperscale Data expects the initial 20-megawatt deployment to cost $100 million to $120 million. The Michigan campus could eventually support more than 300 megawatts, subject to approvals, financing, and the availability of infrastructure. CEO William B. Horne said the company continues evolving its Michigan campus from a Bitcoin mining-focused facility into an AI and high-performance computing campus. "We believe our Michigan Campus is positioned to offer a top-tier AI compute environment, and these Services are expected to begin generating material, high-margin revenue upon deployment, which may begin as soon as late September 2026." Bitcoin Treasury Update Hyperscale Data said it held 726.9425 Bitcoin as of June 21, 2026. The Bitcoin closing price of $63,238 valued the holdings at about $45.9 million. GPUS Stock Price Activity: Hyperscale Data shares were up 20.81% at $0.3089 during premarket trading on Wednesday, according to Benzinga Pro data. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Hyperscale Data stock jumps 20% on AI data center deal By Investing.com

Investing.com -- Hyperscale Data, Inc. (NYSE American:GPUS) shares rose 20% Wednesday after the company announced its first Master Services Agreement with a California-based neocloud provider for 20 megawatts of critical AI compute capacity at its Michigan data center campus. The agreement, executed through Alliance Cloud Services, LLC, an indirect wholly owned subsidiary of Hyperscale Data, provides for the deployment of 20 MW of critical AI compute capacity expected to be operational during the fourth quarter of 2026. The MSA includes an option for the customer to expand up to a total of 52 MW of critical AI compute capacity. The MSA has an initial term of 10 years with two five-year extension options. If exercised for the maximum term, the agreement is expected to generate over $1.2 billion in revenue. The MSA also provides the customer with a right to an additional 32 MW of critical AI compute capacity which, if exercised within the first two years of the initial term and continues through the two five-year extension options, would be expected to result in total contract revenue over $3.0 billion. Alliance Cloud Services has begun retrofitting approximately 60,000 square feet of the Michigan campus to support the customer's operations at an estimated cost of between $100 million and $120 million for the initial 20 MW deployment. As AI compute capacity is commissioned, Hyperscale Data expects to progressively reallocate portions of the power at the Michigan campus currently utilized for Bitcoin mining. The company currently operates approximately 28 MW of Bitcoin mining capacity at the Michigan campus and anticipates continuing to operate Bitcoin mining capacity at its Montana facility. Hyperscale Data stated the Michigan campus may ultimately have the potential to support over 300 MW of total power capacity, subject to regulatory approvals, financing, infrastructure availability, engineering studies, utility agreements and other factors. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.