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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS), a technology company whose stock has declined 92% year-to-date according to InvestingPro data, announced Friday it has started converting portions of its Michigan data center to support artificial intelligence solutions while maintaining its existing Bitcoin mining operations. The company, currently valued at $28 million, appears undervalued based on InvestingPro’s Fair Value analysis.
The company has begun ordering equipment and initiated construction on sections of the facility dedicated to AI operations. The Michigan site spans 34.5 acres with approximately 28 megawatts of power capacity and a 617,000-square-foot data center building. With a significant debt burden of $114 million and a concerning current ratio of 0.31, InvestingPro analysis indicates the company may face challenges in meeting its short-term obligations.
According to the company’s statement, the facility currently houses 16 servers with NVIDIA graphics processing units in a dedicated data hall, which will remain operational during the enhancements. Hyperscale Data is also preparing to install NVIDIA Blackwell servers as part of its phased buildout.
"Our Michigan Facility is well positioned for growth," said William Horne, Chief Executive Officer of Hyperscale Data, in the press release. "With 34.5 acres and more than 600,000 square feet of capacity, we can both maintain our Bitcoin mining operations and deploy next-generation NVIDIA Blackwell systems."
The company indicated that Bitcoin mining operations will continue without interruption during the AI infrastructure deployment.
Hyperscale Data operates through its wholly owned subsidiary Sentinum, Inc., which mines digital assets and offers colocation and hosting services. The company also owns Ault Capital Group, Inc. (ACG), which it expects to divest in the first quarter of 2026.
The announcement represents part of the company’s strategy to transform from a single-purpose blockchain mining operation into a multi-purpose computing facility supporting both blockchain and AI workloads. With annual revenue of $101 million and an InvestingPro Financial Health Score of 1.4 (labeled as WEAK), the success of this transformation will be crucial for the company’s future. Discover 15+ additional exclusive insights about GPUS with InvestingPro.
In other recent news, Hyperscale Data, Inc. has made significant strides in its Bitcoin treasury strategy, with its Bitcoin holdings reaching approximately $13.25 million. This represents 39.4% of the company’s public float, a notable increase from previous figures. The company’s subsidiary, Sentinum, holds around 19.5679 Bitcoin, valued at $2.26 million, acquired through both mining operations and open-market purchases. Hyperscale Data has also announced a special one-time dividend of 20 million shares of its Class B Common Stock, set for distribution to eligible shareholders on October 31, 2025.
The company recently initiated a $100 million Bitcoin treasury strategy, allocating $5 million for immediate open-market Bitcoin purchases. This move is part of a larger transformation into a digital asset and artificial intelligence data center company. The initiative is partly funded by the sale of its Montana data center assets and capital from its equity program. Additionally, Hyperscale Data is accelerating the expansion of its Michigan campus to support advanced AI and high-performance computing workloads.
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