Hyperscale Data signs 20MW AI colocation deal worth up to $3.0B at Michigan campus

Hyperscale Data, Inc.

MSA with California neocloud for 20 MW critical AI compute capacity at Dowagiac, MI campus; Q4 2026 target.
Base term 10 years plus two 5-year options; total expected revenue ~$1.2B if fully exercised.
Right of first offer for additional 32 MW within 2 years could raise contract value to >$3.0B.
Retrofit cost of ~60,000 sq ft estimated at $100M-$120M for initial 20 MW deployment.
Company to reallocate power from Bitcoin mining to AI; campus has potential for >300 MW total capacity.

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