News linked to both this project and an event.
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.
According to PR Newswire, AI data center company Hyperscale Data (NYSE: GPUS) announced the successful implementation of a Bitcoin-backed DeFi financing strategy via the Morpho protocol. As of August 2, 2026, the company has completed approximately $30 million in Bitcoin-collateralized borrowing through the protocol, with a current variable interest rate of approximately 4.9%. The raised funds will be used to support the continued construction of its Michigan AI data center campus, as well as general corporate purposes such as daily working capital. The company stated that this move aims to transform its Bitcoin treasury from a passive reserve asset into a source of low-cost growth capital, while retaining exposure to Bitcoin's long-term appreciation and reducing reliance on dilutive equity financing.
BitcoinTreasuries.NET posted on X that Hyperscale Data GPUS announced the sale of 100 Bitcoins to fund the construction of its AI data center in Michigan. CEO William Horne stated that this is "converting one balance sheet asset into another" and clarified that its confidence in BTC remains unchanged. It ranks 44th in the Bitcoin 100 ranking.
According to PRNewswire, US-listed Bitcoin treasury and AI data center company Hyperscale Data disclosed that it has recently increased its BTC holdings again. As of now, its Bitcoin reserves have exceeded 1,000 BTC. The company's management revealed that it plans to use Bitcoin as potential collateral for financing in the future, and achieve balance sheet diversification together with cash and other strategic assets.