Hyperscale Data sells 100 BTC to fund Michigan AI data center

cointelegraphОпубліковано о 2026-07-30Востаннє оновлено о 2026-07-30

Анотація

Bitcoin mining company Hyperscale Data has sold approximately 100 Bitcoin and obtained a Bitcoin-backed loan to fund the construction of its new AI data center in Michigan. The proceeds are for infrastructure and equipment, with the credit facility carrying an interest rate of 4.5% to 5%. The project supports a 10-year deal with an unnamed AI provider for 20 megawatts of capacity, potentially generating over $1.2 billion in revenue. Options to expand and extend the contract could increase its total value to more than $3 billion. Hyperscale Data, formerly Ault Alliance, continues its Bitcoin mining operations and remains a significant corporate holder with about 1,006 BTC.

Bitcoin miner Hyperscale Data has sold about 100 Bitcoin and secured a Bitcoin-backed credit facility to help finance construction of its Michigan AI data center, according to a Thursday announcement.

The company said proceeds from the Bitcoin (BTC) sale are being used to fund construction and purchase critical infrastructure and long-lead equipment for its Michigan campus. The Bitcoin-backed credit facility is expected to provide financing at variable interest rates of about 4.5% to 5.0%.

The campus is being developed to support a previously announced master services agreement with an unnamed AI infrastructure provider, initially covering about 20 megawatts of AI compute capacity. The 10-year agreement includes two optional five-year extensions and is expected to generate more than $1.2 billion in revenue if fully exercised.

The AI provider also has the option to expand capacity by an additional 32 MW within the first two years of the agreement. If exercised and maintained through the extension periods, the contract’s total value would exceed $3 billion, according to the company.

Formerly known as Ault Alliance, the company rebranded as Hyperscale Data in 2024 as it shifted its focus to AI infrastructure while retaining its Bitcoin mining business. Its NYSE American-traded shares (GPUS) were up more than 5% in late morning trading on Thursday, according to Yahoo Finance data.

Data from BitcoinTreasuries.NET shows the company still holds about 1,006 BTC, making it the 44th-largest public corporate Bitcoin holder.

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QWhy did Hyperscale Data sell 100 Bitcoin?

AHyperscale Data sold approximately 100 Bitcoin to finance the construction and purchase of critical infrastructure and long-lead equipment for its new AI data center in Michigan.

QWhat is the estimated revenue potential of Hyperscale Data's AI service agreement?

AThe initial 10-year master services agreement with an unnamed AI provider is expected to generate over $1.2 billion in revenue if fully exercised, with potential to exceed $3 billion if expansion options are utilized.

QWhat was the former name of the company Hyperscale Data?

AHyperscale Data was formerly known as Ault Alliance before it rebranded in 2024 as part of its strategic shift towards AI infrastructure.

QHow much Bitcoin does Hyperscale Data still hold after the sale, and what is its ranking among public corporate holders?

AAfter the sale, Hyperscale Data still holds about 1,006 Bitcoin, which makes it the 44th-largest public corporate Bitcoin holder according to BitcoinTreasuries.NET.

QWhat is the purpose of the Bitcoin-backed credit facility secured by Hyperscale Data?

AThe Bitcoin-backed credit facility is expected to provide additional financing for the Michigan AI data center project at variable interest rates of approximately 4.5% to 5.0%.

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