Hyperscale Data completes acquisition of 48.5 acres in Michigan to expand AI data-center campus.
Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence data center company, has completed the acquisition of 48.5 acres of forested land to expand its Michigan AI Data Center Campus to approximately 83 acres in total—more than doubling its original size.
Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, stated: "We are thrilled to complete this acquisition and look forward to growing the Michigan Campus in an efficient and responsible manner. The acquisition provides us the opportunity to solidify our Michigan Campus and offers a natural, long-term buffer between our operations and the surrounding area. With the recently announced signed master services agreement, this positions us to build on the progress we have made while we evaluate our overall expansion plans and seek to maximize service offerings for potential customers at our Michigan Campus."
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center where it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. The company's other wholly owned subsidiary, Ault Capital Group, Inc. (ACG), is a diversified holding company pursuing growth through acquisitions of undervalued businesses and disruptive technologies with global impact.
Hyperscale Data currently expects to divest ACG in the second quarter of 2027. Upon completion, the company would focus on owning and operating data centers supporting high-performance computing services, as well as holding digital assets. Until the divestiture occurs, ACG and its subsidiaries and strategic investments will continue providing mission-critical products across diverse industries, including an AI software platform, equipment rental services, defense and aerospace, industrial, automotive and hotel operations. ACG also maintains private credit and structured finance operations through Ault Lending, LLC, a licensed lending subsidiary.
On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to all common stockholders and holders of Series C Preferred Stock on an as-converted basis. The divestiture will occur through voluntary exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG. Only holders of Series F Preferred Stock who surrender such shares without withdrawal through the exchange offer will receive ACG shares and become shareholders of ACG upon divestiture completion.