Hyperscale Data subsidiary announces agreement with local utility in Michigan

Hyperscale Data (GPUS) announced that its indirect, wholly owned subsidiary Alliance Cloud Services, or ACS, has reached an agreement in principle with the local utility expected to energize ACS’ Michigan data center, enabling ACS to increase its power capacity from approximately 30 megawatts, or MW, to 300 MW. The completion of the power upgrade is anticipated to take 44 months from execution of a formal Letter of Authorization, or LOA, between ACS and the utility, which is currently being negotiated. The expansion of the Data Center to 300 MW will be a critical long-term milestone, which would enable ACS to increase its expansion efforts and further support the rapidly growing demand for high-performance computing services powering artificial intelligence infrastructure. Hyperscale Data is simultaneously proceeding with the transition of the Data Center’s existing power capacity of 30MW from that of self-mining of Bitcoin to HPC services. As a part of negotiating the LOA, Hyperscale Data anticipates discussing potential approaches that could provide incremental power while the full buildout project is underway. Hyperscale Data is currently in the process of deploying the network, electrical and cooling systems for its first HPC environment.