Hyperscale Data announced plans to convert its Michigan bitcoin mining facility into an AI data center. The signed agreement could generate over $1.2 billion in revenue, with a potential extension pushing it past $3 billion. Company shares hit an all-time low after the news, according to The Block.
Hyperscale Data says it will turn its bitcoin mining site in Michigan into an AI data center, The Block reported. There’s already a signed agreement behind the project. Big money, too: more than $1.2 billion in expected revenue. And if the extension option gets used, that figure could climb past $3 billion. After the news hit, the company’s stock fell to an all-time low.
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