Bitcoin
Hyperscale Data Halts Michigan Bitcoin Mining to House $1.2 Billion AI Contract
Hyperscale Data has shut down Bitcoin mining at its Michigan facility to repurpose 20 megawatts of capacity for an artificial intelligence client.
Hyperscale Data stopped Bitcoin mining operations at its Michigan data center on September 1 to transition the site toward artificial intelligence computing services. The company plans to sell its existing mining servers as it prepares the facility for the new workload.
The contract, agreed with an unnamed California-based provider of AI cloud computing, covers 20 megawatts of capacity. The deal could yield over $1.2 billion in revenue across 20 years if the client takes up two five-year extension options beyond the initial 10-year term.
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