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Hyperscale Data hires Newmark to arrange non-dilutive long-term debt financing for Michigan AI data center campus

Source: www.prnewswire.com Event types: Financing/Fundraising
The campus is operated by ACS and has entered into a 10-year master service agreement with a new cloud service provider in California, initially providing 20 MW of critical AI compute capacity. The customer holds two five-year renewal options and a right of first offer on an additional 32 MW of capacity, bringing the total maximum capacity to 52 MW. The company expects the initial 10 MW of capacity to be energized in December 2026 and begin generating revenue.

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