Hyperscale Data sells 100 BTC to fund Michigan AI data center
Hyperscale Data sold about 100 Bitcoin and arranged a Bitcoin-backed credit facility to help fund construction of its Michigan AI data center. Sale proceeds will go toward building the campus and buying key infrastructure and long-lead equipment. The facility is expected to carry variable interest rates of roughly 4.5% to 5.0%. The Michigan site is being built for a master services agreement with an unnamed AI infrastructure provider covering about 20 MW of AI compute capacity. The 10-year deal includes two optional five-year extensions and could generate more than $1.2 billion in revenue if fully exercised. The customer can also add up to 32 MW within the first two years, which could lift total contract value above $3 billion if all options are used. Hyperscale Data, formerly Ault Alliance, is shifting toward AI infrastructure while keeping its Bitcoin mining business. It still holds about 1,006 BTC.
