数链先行
06/17 23:21
AI stock jumps over 157% amid billion-dollar deal
Shares of Hyperscale Data Inc. (NYSE American: GPUS) have rallied more than 157% over the past month.
This comes as the artificial intelligence data center company advances negotiations on a potential billion-dollar AI infrastructure deal.
The stock was trading about 47% higher intraday at press time near $0.38.
Hyperscale Data positions itself as an AI data center company anchored by Bitcoin (BTC), blending data infrastructure with a substantial crypto treasury. Through its wholly owned subsidiary Sentinum Inc., the firm also operates Bitcoin mining infrastructure.
Related: Bitcoin mining company HIVE targets $200 million revenue with new AI expansion
Michigan campus negotiations near
On June 15, the company said its indirect wholly owned subsidiary, Alliance Cloud Services LLC, is expected to enter a master services agreement in the coming weeks to provide colocation and related services for AI deployments.
The first 10 megawatts of capacity would be operational within 90 days, followed by an additional 10 megawatts in the subsequent 90-day window.
The 20-megawatt deployment, with renewal options of up to 20 years, is projected to generate over $1 billion in revenue over its term. An additional 32 megawatts is anticipated to come online by 2028, potentially adding another $1.5 billion.
Combined, the 52 megawatts could deliver roughly $2.5 billion in revenue over two decades.
To make room for the AI workloads, Hyperscale Data said it will likely wind down Bitcoin mining operations at the Michigan campus over several months. Hyperscale would then join many of its Bitcoin mining peers who are either pivoting toward AI or have completely shut down mining operations.
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Bitcoin treasury still anchors the AI pivot
Despite the AI focus, Hyperscale Data's balance sheet remains heavily crypto-exposed. The company disclosed on June 16 that it held 713.5884 Bitcoin, worth roughly $46.9 million as of June 14. This is along with approximately $40.2 million in cash and restricted cash, plus 10,000 ounces of silver.
Restricted cash refers to money a company sets aside for a special purpose and cannot use it for any immediate or general business operation.
The combined $87.1 million in Bitcoin, cash, and equivalents represents about 73.34% of the company's market capitalization.
Management framed the Michigan campus, which could eventually support over 300 megawatts of total power capacity, as a scalable AI infrastructure platform. The 20-megawatt deployment under discussion would use less than 7% of that potential capacity.
This will leave room for further expansion, though the company cautioned that no definitive agreements have been signed.
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