Hyperscale Data shares hit all-time low as Michigan site shifts from Bitcoin mining to AI

Hyperscale Data (NYSE American: GPUS) has pulled the plug on Bitcoin mining at its Michigan facility, completing a full transition to AI computing services as of September 1, 2026. The reward for this strategic reinvention? Shares trading at all-time lows. The company signed a master services agreement with an unnamed California-based neocloud provider to supply AI compute infrastructure, starting with an initial capacity of 20 MW. The deal is projected to generate over $1.2B in revenue across its initial 10-year term, with expansion options that could push the total past $3B. From hash rates to neural networks Hyperscale’s Michigan campus spans 617,000 square feet across roughly 83 acres. The site has existing infrastructure for up to 340 MW of capacity, but the current AI deal only taps about 20% of that potential. That leaves significant room for additional customers as demand for high-performance computing continues its upward trajectory. A $1.2B floor over 10 years translates to roughly $120M in annual revenue before any expansion kicks in. An additional 32 MW of capacity could be brought online, which the company says would boost the total contract value beyond $3B. Why the s...