Hyperscale Data Inc. a diversified holding company, has launched a $100 million Bitcoin treasury strategy as part of its transformation into a pure play AI data center and digital asset company.
The initiative will be funded, in part, by proceeds from the sale of the company’s Montana data center assets, which were recently announced for sale, as well as by capital raised through its previously announced at-the-market equity program.
In parallel, Hyperscale is accelerating the expansion of its flagship Michigan campus in Dowagiac, south of Kalamazoo and close to the Indiana border, where customer-installed NVIDIA graphics processing unit (GPU) servers enable advanced AI and high-performance computing (HPC) workloads.
Through its wholly owned subsidiary Sentinum Inc., Hyperscale Data has mined Bitcoin for years, providing what the company describes as “a foundation of operational expertise in digital assets.”
Building on that experience, the company now plans to hold Bitcoin as a primary treasury reserve asset, similar to the approach pioneered by MicroStrategy, while continuing to invest in Michigan as its long-term infrastructure hub.
As part of its treasury program, Hyperscale Data will continue publishing its crypto asset holdings weekly.
The Michigan facility, owned by Alliance Cloud Services, a wholly owned subsidiary of the company’s wholly owned subsidiary Sentinum Inc., currently provides approximately 30 megawatts (MW) of power capacity.
The company states it is advancing a staged build-out that is expected to reach 70 MW over the next 20 months through new natural gas distribution infrastructure enabling on-site generation.
Ultimately, Hyperscale Data anticipates the Michigan campus could expand to approximately 340 MW of capacity.
The plans are subject to funding and reaching agreements with a local utility provider, regulators, and local government.
The facility is being purpose-built to support enterprise AI and cloud clients deploying GPU-based infrastructure, with NVIDIA technology expected to remain a cornerstone of customer demand.
“This marks a pivotal moment in Hyperscale Data’s evolution,” says William B. Horne, CEO of Hyperscale Data. “With the Michigan campus positioned to become an extremely valuable asset over time, and with Bitcoin now serving as a core treasury reserve, we are building a company anchored in two of the most dynamic forces of our era: artificial intelligence and digital assets.
“By focusing our resources to accelerate Bitcoin accumulation, while also expanding Michigan, we are pursuing a dual strategy designed to create long-term value for our shareholders and position Hyperscale Data as a differentiated growth story.”
Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc., is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
For more information, visit hyperscaledata.com.
