Hyperscale Data Signs $1.2 Billion AI Computing Agreement, Plans Gradual Exit from Bitcoin Mining

Bitcoin treasury company Hyperscale Data announced that it has signed an agreement through its subsidiary with a new cloud computing service provider in California, which will provide 20MW of AI computing capacity at its data center campus in Michigan. It is expected to generate over $1.2 billion in revenue over the full service term, and the agreement also includes two options for five-year extensions, which could bring the total revenue to over $3 billion if fully executed. Additionally, Hyperscale Data's CEO William B. Horne revealed that the company plans to gradually exit the Bitcoin mining business and accelerate its transition to AI and high-performance computing (HPC). As of June 21, the company's Bitcoin holdings were approximately 727 coins.