Hyperscale Data has sold about 100 Bitcoin and secured a BTC-backed credit facility to finance construction of its artificial intelligence data center in Michigan.
Summary
- Hyperscale Data sold about 100 BTC to fund construction and equipment purchases.
- Its Bitcoin-backed credit facility carries a variable rate of approximately 4.5% to 5%.
- A 10-year AI services agreement could generate more than $1.2 billion if fully exercised.
- Hyperscale Data retains about 1,006 BTC, ranking 44th among public corporate holders.
Hyperscale Data converts Bitcoin into AI funding
Hyperscale Data disclosed the Bitcoin sale and financing agreement on Thursday as it accelerated work on its Michigan AI campus.
Proceeds from the sale will fund construction and purchases of critical infrastructure and equipment with long delivery times. The company did not disclose the dollar value of the transaction or the lender behind its Bitcoin-backed credit line.
Its new facility is expected to provide financing at a variable interest rate of roughly 4.5% to 5%. The arrangement allows Hyperscale Data to raise additional capital against its remaining Bitcoin rather than selling a larger share of its holdings immediately.
Bitcoin Treasuries data shows the company retains approximately 1,006 BTC after the sale. That position makes it the 44th-largest publicly traded corporate Bitcoin holder tracked by the platform.
Formerly called Ault Alliance, Hyperscale Data adopted its current name in 2024 as it shifted more attention toward AI infrastructure. However, the company has continued operating its Bitcoin mining business.
Michigan AI contract could exceed $3 billion
Construction at the Michigan campus supports an earlier master services agreement with an unnamed AI infrastructure provider. The initial phase covers approximately 20 megawatts of computing capacity.
The agreement has a 10-year term and includes two optional five-year extensions. Hyperscale Data estimates the contract could produce more than $1.2 billion in revenue if the customer exercises all options attached to the initial capacity.
The customer can also request another 32 MW within the first two years. If that expansion proceeds and remains active throughout both extension periods, Hyperscale Data expects the contract’s total value to exceed $3 billion.
These projections depend on the customer taking the available capacity and exercising its extension rights. Hyperscale Data has not identified the customer or provided a final timeline for completing the full 52 MW buildout.
Bitcoin miners expand into US AI infrastructure
Hyperscale Data’s financing decision adds to a wider shift among U.S.-listed Bitcoin miners seeking revenue from AI computing and data centers.
Hut 8 recently signed a second 15-year lease valued at $9.8 billion for its Beacon Point AI campus in Nueces County, Texas. IREN separately announced $2.8 billion in new multi-year cloud contracts and increased its year-end 2026 annualized revenue target to more than $4 billion.
Mining companies already control power connections, land and data center infrastructure that can be adapted for high-performance computing. AI contracts may offer steadier revenue than Bitcoin mining, where income depends on network difficulty, energy costs and the market price of BTC.
The transition is not without risk. Poolin filed for Chapter 11 protection in the U.S. on July 22 with roughly $173 million in prepetition obligations. The Singapore-based mining company and two U.S. subsidiaries plan to sell their Texas assets through a court-supervised process rather than restore the business.
Hyperscale Data’s Michigan investment gives the trend a direct U.S. infrastructure angle while also showing how corporate Bitcoin reserves can serve as a source of construction capital.
GPUS shares rise after financing announcement
Hyperscale Data shares, traded on NYSE American under the GPUS ticker, gained more than 5% in late-morning trading Thursday, according to Yahoo Finance data.
The market reaction followed the company’s financing update and its projections for the Michigan contract. Investors will now watch construction progress, the AI customer’s expansion decision and any further changes to Hyperscale Data’s Bitcoin holdings.
Using BTC as both a saleable reserve and loan collateral exposes the company to Bitcoin price movements while it funds a capital-intensive data center project. Future disclosures on the facility’s collateral requirements and the campus delivery schedule may provide a clearer view of that risk.
