Key Takeaways
According to BlockchainReporter, Hyperscale Data shut down all Bitcoin miners at its Michigan facility to prepare for an artificial-intelligence infrastructure deployment.
According to BlockchainReporter, Hyperscale Data announced on September 2 that it switched off all Bitcoin miners at its Michigan data center, effective September 1. The shutdown prepares the facility for a customer’s artificial-intelligence infrastructure under an existing master services agreement. The company and an unnamed California-based neocloud customer agreed to terminate mining immediately following a site inspection and review of preparation work.
The initial deployment covers 20 megawatts under a 10-year term with two optional five-year extensions. Hyperscale Data projected that the contract could generate over $1.2 billion if the full 20-year maximum term is used, though this is a company projection rather than earned revenue. The customer also holds an option for an additional 32 megawatts, which could bring total contract revenue to over $3 billion if exercised within two years and maintained through extensions.
Hyperscale Data anticipates about 340 megawatts of total power capacity at the site, with the initial customer deployment using roughly 20%. The company expects gains from a planned sale of the mining servers, but has not disclosed a buyer, price, or timetable.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
