Hyperscale Data taps Bitcoin holdings to advance $3B AI campus deal

Hyperscale Data (NYSE American: GPUS) announced on July 30, 2026 that it sold approximately 100 BTC for around $6.5 million and established a Bitcoin-backed credit facility to finance construction and equipment at its Michigan AI data center campus. The goal is to fund an AI infrastructure project tied to a Master Services Agreement with projected revenues exceeding $1.2 billion, potentially reaching over $3 billion if contract extensions are exercised. What the deal actually looks like Hyperscale signed the MSA on June 24, 2026 with a California-based neo-cloud provider. The initial agreement covers 20 MW of AI computing capacity at the Michigan campus under a 10-year term. Initial deployment costs are estimated between $100 million and $120 million. The Bitcoin-backed credit facility carries variable interest rates between 4.5% and 5.0%. As of July 27-28, 2026, Hyperscale holds over 1,106 BTC valued at approximately $71-72 million, having crossed the 1,000 BTC threshold earlier in July. The company has stated a broader treasury target of accumulating $100 million in Bitcoin assets. Executive Chairman Milton “Todd” Ault III is overseeing the transition through subsidiaries includi...