Skip to navigationSkip to main contentSkip to right columnCryptoProwlWed, June 24, 2026 at 7:39 PM GMT+2 2 min readHyperscale Data Inc. (NYSE: $GPUS) has signed its first master services agreement for AI compute capacity at its Michigan data center campus, putting another bitcoin-linked public company deeper into the race for power-backed AI infrastructure.The agreement was signed through Alliance Cloud Services, an indirect wholly owned subsidiary of Hyperscale Data, with a California-based neocloud provider. The initial deployment covers 20 megawatts of critical AI compute capacity and is expected to become operational in the fourth quarter of 2026.If the agreement runs through its maximum term, including the initial 10-year period and two five-year extension options, Hyperscale Data expects the contract to generate more than $1.2 billion in revenue. The customer also has the right to add another 32 megawatts of capacity, which could lift the total contract value above $3 billion if exercised and extended.More From Cryptoprowl:Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares SurgeBlockchain Projects Decline 75% As Developers Shift To A.I.Stanley Druckenmiller Says Stablecoins Could Reshape Global FinanceNew York Stock Exchange Invests $600 Million In PolymarketThe company has begun procuring electrical and infrastructure equipment and is retrofitting about 60,000 square feet at the Michigan campus to support the first 20 megawatts. Hyperscale Data expects the initial buildout to cost between $100 million and $120 million.The deal continues a familiar shift across the listed bitcoin (CRYPTO: $BTC) mining sector. Companies that were built around cheap power, industrial land and mining infrastructure are now trying to redirect those assets toward AI workloads, where demand for compute has been much stronger than traditional mining economics.CEO William B. Horne said the Michigan campus is evolving from a bitcoin-mining-focused facility into a next-generation AI and high-performance computing campus. He added that services under the agreement could begin generating material, high-margin revenue as soon as late September 2026.Hyperscale Data said it currently operates about 28 megawatts of bitcoin mining capacity at the Michigan site and expects to reallocate more of that power toward AI workloads as customer deployments come online.Hyperscale Data Inc. (NYSE: GPUS) is currently trading at $0.26 U.S. per share.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info