Files $125 Million Shelf Registration to Provide Long-Term Financial Flexibility; No Immediate Capital Raise Planned
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company“), today announced a strategic development roadmap to fully build out its data center campus in Michigan that is optimized for artificial intelligence (“AI“) to 340 megawatts (“MW“). This phased expansion underscores the Company’s long-term commitment to supporting AI, machine learning and high-performance computing (“HPC“) workloads.
The Company currently operates approximately 30 MW of power at the Michigan facility and expects to increase the power capacity to 70 MW over the next 20 months. The full 340 MW buildout is anticipated within 44 months from execution of an agreement with the local utility provider and securing appropriate funding.
“We are building a scalable, AI-centric digital infrastructure platform,” said William B. Horne, Chief Executive Officer of Hyperscale Data. “As demand for computing power accelerates, our Michigan campus positions us to scale efficiently and profitably to meet that demand.”
Shelf Registration Filed to Enable Long-Term Financial Flexibility
To support the Michigan expansion and other strategic initiatives, the Company recently filed a shelf registration statement for up to $125 million (the “Registration Statement“). At this time, Hyperscale Data does not intend to raise capital under this Registration Statement. The Registration Statement provides flexibility to access capital markets over time as construction and development of the Michigan campus continues.
Phased Expansion Timeline:
The Michigan facility, located on an approximately 34-acre site, currently generates revenue through digital asset mining and by providing colocation and hosting services for the emerging AI ecosystems and other industries. Planned development milestones include:
- Current Operations: Approximately 30 MW online and operational;
- Mid-Term Expansion: Add 40 MW by Second Quarter of 2027; and
- Full Buildout: Additional 270 MW by Third Quarter of 2029, for a total of 340 MW.
In February 2025, the Company’s indirect wholly owned subsidiary, Alliance Cloud Services, LLC (“ACS“), reached an agreement in principle with the local utility to increase available power to 300 MW. The final letter of authorization is currently under negotiation, and once executed, the full upgrade is expected to be completed within 44 months. Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power.
Positioning for the Future of AI Infrastructure
Hyperscale Data’s expansion plan is aligned with surging industry demand for purpose-built, high-density compute infrastructure. The Company cites comparable projects such as Applied Digital Corporation’s recently announced 250 MW contract with CoreWeave, Inc., which is projected to generate over $7 billion in revenue over 15 years.
As the Company enters the second half of 2025, it remains focused on reducing debt, streamlining operations and advancing its strategic transition to a pureplay AI data center platform.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
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