Hyperscale Data Halts Michigan Bitcoin Mining to Pivot Toward AI Infrastructure

Publicly traded Hyperscale Data has shut down its Michigan Bitcoin mining operations to repurpose the facility for AI data center clients. The company signed a 10-year master service agreement for 20 MW of AI computing power, with potential for expansion to 340 MW. To fund this transition, the company reduced its Bitcoin holdings by approximately 79% since July, now holding about 215 BTC. Shares fell 17% to a record low of $0.1984 following the announcement and a recent reverse stock split.