DealsJun 24, 2026, 04:37 PM
Hyperscale Data Secures $1.2B-$3.0B AI Data Center Deal
AI Summary
Hyperscale Data, Inc. announced a Master Services Agreement with a California-based neocloud provider to deploy 20 megawatts (MW) of AI computing capacity at its Michigan data center campus. The agreement has an initial term of 10 years with two five-year extension options, valued at approximately $1.2 billion. An option for an additional 32 MW could increase the total contract value to over $3.0 billion. The company plans to transition its Michigan campus from Bitcoin mining to AI and high-performance computing, with initial deployment costs estimated between $100 million and $120 million.
Key Highlights
- Secured a Master Services Agreement for 20 MW of critical AI compute capacity.
- Initial contract value is approximately $1.2 billion over a 10-year term with two five-year extensions.
- Option for an additional 32 MW could increase total contract value to over $3.0 billion.
- Customer paid a $5 million upfront service charge and a $5.6 million security deposit.
- Phase 1 (10 MW) targeted for delivery by September 21, 2026.
- Phase 2 (10 MW) targeted for delivery by the end of 2026.
- Estimated cost for initial 20 MW deployment is $100 million to $120 million.
- Company plans to reallocate power from Bitcoin mining to AI computing at its Michigan campus.
Price Impact
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