Hyperscale Data Updates Michigan AI Data Center Progress After $70M+ Investment

Hyperscale Data, Inc. an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), provided an update on the continued development of its Michigan AI data center (the “Michigan Facility”) operated by Alliance Cloud Services, LLC, an indirect wholly owned subsidiary of the Company (“ACS”).

As of September 15, 2026, Hyperscale Data has invested more than $70 million into ACS and the development of the Michigan Facility. This investment represents a substantial portion of the overall capital program required to prepare the Michigan Facility for the deployment of AI compute capacity to ACS’ customer, a California-based neocloud provider, pursuant to the previously announced master services agreement between such provider and ACS (“MSA”).

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As part of this investment and development program, the Company has acquired a substantial amount of the equipment required to bring the contracted capacity online at the Michigan Facility. Hyperscale Data is currently working toward commencing operations under the MSA in November 2026, at which point the Company expects to begin generating revenue and cash flow from the MSA.

The MSA provides for an initial 20 megawatts (“MW”) of critical AI compute capacity and has an initial 10-year term with two five-year extension options. If the MSA continues for the entire 20-year term, the Company expects it to generate more than approximately $1.2 billion in revenue.

Additionally, the customer has the right to increase critical AI compute capacity up to a total of 52 MW, which, if fully exercised and maintained for the entire 20-year term, is expected to increase total contract revenue to more than $3.0 billion.

52 MW of critical AI compute capacity deployment would represent less than 20% of the Michigan Facility’s approximately 340 MW total potential capacity. Even following a full 52 MW deployment by the existing customer, approximately 270 MW of potential additional capacity would remain for future development and additional customer deployments, subject to obtaining the required power, infrastructure, financing and regulatory approvals.

“Our investment of more than $70 million in ACS and the Michigan campus is about execution,” stated Will Horne, Chief Executive Officer of Hyperscale Data. “This capital is part of the overall investment required to prepare the facility for our neocloud customer under the MSA, and we have now acquired a substantial amount of the equipment required for the planned deployment. We are working toward bringing the initial contracted capacity online beginning in November, when we expect to start generating revenue and cash flow under an agreement that could generate more than $3.0 billion in revenue over a 20-year term.”

“We believe the more than $70 million invested to date has created a substantial foundation for this transformation,” continued Mr. Horne. “Our immediate priority is getting our customer online, generating cash flow and successfully executing the initial deployment. From there, we intend to continue developing the campus and pursuing the significant amount of potential capacity that remains.”

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The Company continues to evaluate the optimal long-term strategy for ACS and the Michigan Facility, including continued development, strategic partnerships, additional customer deployments, a potential separation or initial public offering of ACS, or a potential sale of the Michigan Facility if the Company believes such a transaction would maximize stockholder value.

Hyperscale Data expects to provide additional updates as material developments and deployment milestones are achieved.

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