Hyperscale Data Targets Full Buildout of 340 MW Michigan AI Data Center Campus in 2029
LAS VEGAS, July 21, 2025 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ('Hyperscale Data' or the 'Company'), today announced a strategic development roadmap to fully build out its data center campus in Michigan that is optimized for artificial intelligence ('AI') to 340 megawatts ('MW'). This phased expansion underscores the Company's long-term commitment to supporting AI, machine learning and high-performance computing ('HPC') workloads.
The Company currently operates approximately 30 MW of power at the Michigan facility and expects to increase the power capacity to 70 MW over the next 20 months. The full 340 MW buildout is anticipated within 44 months from execution of an agreement with the local utility provider and securing appropriate funding.
'We are building a scalable, AI-centric digital infrastructure platform,' said William B. Horne, Chief Executive Officer of Hyperscale Data. 'As demand for computing power accelerates, our Michigan campus positions us to scale efficiently and profitably to meet that demand.'
Shelf Registration Filed to Enable Long-Term Financial Flexibility
To support the Michigan expansion and other strategic initiatives, the Company recently filed a shelf registration statement for up to $125 million (the 'Registration Statement'). At this time, Hyperscale Data does not intend to raise capital under this Registration Statement. The Registration Statement provides flexibility to access capital markets over time as construction and development of the Michigan campus continues.
Phased Expansion Timeline:
The Michigan facility, located on an approximately 34-acre site, currently generates revenue through digital asset mining and by providing colocation and hosting services for the emerging AI ecosystems and other industries. Planned development milestones include:
Current Operations: Approximately 30 MW online and operational;
Mid-Term Expansion: Add 40 MW by Second Quarter of 2027; and
Full Buildout: Additional 270 MW by Third Quarter of 2029, for a total of 340 MW.
In February 2025, the Company's indirect wholly owned subsidiary, Alliance Cloud Services, LLC ('ACS'), reached an agreement in principle with the local utility to increase available power to 300 MW. The final letter of authorization is currently under negotiation, and once executed, the full upgrade is expected to be completed within 44 months. Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power.
Positioning for the Future of AI Infrastructure
Hyperscale Data's expansion plan is aligned with surging industry demand for purpose-built, high-density compute infrastructure. The Company cites comparable projects such as Applied Digital Corporation's recently announced 250 MW contract with CoreWeave, Inc., which is projected to generate over $7 billion in revenue over 15 years.
As the Company enters the second half of 2025, it remains focused on reducing debt, streamlining operations and advancing its strategic transition to a pureplay AI data center platform.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ('ACG'), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects to divest itself of ACG (the 'Divestiture') on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company's filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the 'Series F Preferred Stock') to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the 'ACG Shares'). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as 'believes,' 'plans,' 'anticipates,' 'projects,' 'estimates,' 'expects,' 'intends,' 'strategy,' 'future,' 'opportunity,' 'may,' 'will,' 'should,' 'could,' 'potential,' or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.
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- Malay Mail
AsiaInfo Technologies Expects to Achieve Accelerated Growth from the Three Core Growth Engines in 2025H2, with Full Year Profit Exceeding Last Year[1]
In 2025H1, AI large model application and delivery business achieves explosive growth with revenue and order amount up 76 times and 78 times yoy respectively, demonstrating strong market demand The results for 2025H2 is expected to improve significantly compared to the 2025H1, and the Group is determined to achieve its full-year targets. The annual performance is expected to remain stable. In 2025H2, the three core growth engines are projected to achieve accelerated growth, while the revenue decline in the ICT support business is anticipated to narrow significantly. Profit for the year is expected to exceed that of the previous year (excluding the impact of one-off severance compensation due to personnel restructuring optimisation). 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In 2025H1, the Group's overall revenue and profit declined due to the effects brought by the ongoing cost-reduction and efficiency-enhancement within the telecommunications sector. The Group managed to effectively control costs through its mature cost control mechanism and optimised personnel restructuring optimisation. - Revenue[2] amounted to approximately RMB2,598 million. - Gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. - Net loss was approximately RMB202 million compared to a loss of approximately RMB70 million in the same period of the previous year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss was approximately RMB48 million. AI large model application and delivery business achieved explosive growth, with revenue of approximately RMB 26 million, representing a year-on-year increase of 76 times; the order amount for 2025H1 was approximately RMB 70 million, representing a year-on-year increase of 78 times, demonstrating strong market demand. Through collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions. Revenue from the 5G private network and application business was approximately RMB47 million; the order amount for 2025H1 was approximately RMB82 million, representing a year-on-year increase of 51.7%, which reflects growth potential in the market. Revenue from the ICT support business was approximately RMB2,118 million, representing a year-on-year decrease of 14.7%. 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HONG KONG SAR - Media OutReach Newswire - 5 August 2025 -("AsiaInfo Technologies" or the "Company", which together with its subsidiaries, is referred to as the "Group"; HKEX stock code: 01675), is pleased to announce its interim results for the six months ended 30 June 2025 (the "Period").In the first half of 2025 ("2025H1"), the Group's current overall operating scale is under pressure due to the ongoing cost-reduction and efficiency-enhancement in the telecommunications sector. Revenue was approximately RMB2,598 million, representing a decrease of 13.2% year-on-year. However, amid the wave of new AI technologies, the Group's AI large model application and delivery business has achieved explosive growth, while the 5G private network and application business has continued to gain momentum, and it has kept optimising the business structure of digital intelligence-driven operation. Meanwhile, the Group has strengthened internal cost management to support sustainable development, and its business fundamentals will continue to be sound in the long cope with challenges of the ICT support business transformation, the Group implemented a series of cost-reduction and efficiency-enhancing measures proactively, such as personnel restructuring optimisation, applying AI tools to enhance efficiency, strengthening centralised procurement, and the one-stop official consumption platforms, which have achieved significant results in cost control. In 2025H1, gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss for the period was approximately RMB48 million, and the Group expected that net profit will continue to rebound in the second half of the year ("2025H2"), with full-year profit better than last Board has attached great importance to the shareholders' interests and returns, and after giving due consideration to the Group's business development, profitability, and cash flow level, the Board has recommended the guideline of the final dividend for the year 2025 is 40% of the annual net profit attributable to 2025, the industrial application of AI large models witnessed explosive growth. In 2025H1, the Group secured orders worth approximately RMB70 million, representing a year-on-year increase of 78 times. In addition, the Company entered into a framework agreement that accounted for more than RMB40 million with a company. Revenue from the AI large model application and delivery business reached approximately RMB26 million, representing a year-on-year increase of 76 collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions covering energy and power, industrial manufacturing, transportation, smart retail, and other large enterprises. The Group has become a partner in Alibaba Cloud's AI Large Model Galaxy Program, jointly developed nearly 100 projects and created numerous benchmark cases for large model delivery. With a robust pipeline of business opportunities, the Group is driving the industrialisation of large Group's 5G private network and application business provides an important emerging telecommunications network for energy industries such as the power and mining industries. 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To offset the downward pressure in the BSS business, the Group implemented a series of measures, including AI empowerment, expansion into new services for existing customers, expansion of new clients, and joint market development in the government and enterprise sector. Meanwhile, the Group continued to restructure its organisational model from an "olive-shaped" to a "pyramid-shaped" structure to reduce delivery costs. The Group also leveraged AI large models and other new tools to empower internal operations to achieve cost reductions and enhance operational efficiency in order to significantly narrow the decline in full-year revenue of the ICT support 2025H1, the Group accelerated the application of AI in the BSS and OSS businesses, and 48 new projects were signed, including the R&D project of an operator's intelligent platform and the project of technological innovation platform, etc. The deployment of AI tool platform exceeded 10 provinces, and more than 10 metahuman projects have been implemented, including product sales and assisted acceptance. 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