Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) is one of the 8 Best Crypto Penny Stocks to Buy Now.
On June 29, 2026, Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) announced the establishment of a Michigan AI development reserve account. The dedicated capital reserve account targets approximately $120M to support continued development of the company's Michigan AI data center campus. Hyperscale Data expects the principal source of proceeds for the Michigan Reserve Account to come from its ATM offering.
On June 24, Hyperscale Data announced a master services agreement to provide colocation and related data center services between Alliance Cloud Services, an indirect wholly owned subsidiary of the company, and a California-based neocloud provider at its Michigan data center campus. The MSA covers the deployment of 20 megawatts of AI compute capacity expected to be operational during the fourth quarter of 2026, with an option for the customer to expand up to a total of 52 MW of critical AI compute capacity.
On June 19, Hyperscale Data announced an "at-the-market" equity offering program under which it may sell shares of common stock for aggregate gross proceeds of up to $300M. The June 24 MSA has an initial term of 10 years with two five-year extension options, and if exercised for the maximum term, is expected to generate more than $1.2B in revenue. If the customer exercises its right to an additional 32 MW of critical AI compute capacity within the first two years and continues through the extension options, total contract revenue is expected to exceed $3B.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) provides crane rental and lifting solutions for oilfield, construction, commercial, and infrastructure markets in North America, Europe, the Middle East, and internationally.
On June 29, 2026, Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) announced the establishment of a Michigan AI development reserve account. The dedicated capital reserve account targets approximately $120M to support continued development of the company's Michigan AI data center campus. Hyperscale Data expects the principal source of proceeds for the Michigan Reserve Account to come from its ATM offering.
On June 24, Hyperscale Data announced a master services agreement to provide colocation and related data center services between Alliance Cloud Services, an indirect wholly owned subsidiary of the company, and a California-based neocloud provider at its Michigan data center campus. The MSA covers the deployment of 20 megawatts of AI compute capacity expected to be operational during the fourth quarter of 2026, with an option for the customer to expand up to a total of 52 MW of critical AI compute capacity.
On June 19, Hyperscale Data announced an "at-the-market" equity offering program under which it may sell shares of common stock for aggregate gross proceeds of up to $300M. The June 24 MSA has an initial term of 10 years with two five-year extension options, and if exercised for the maximum term, is expected to generate more than $1.2B in revenue. If the customer exercises its right to an additional 32 MW of critical AI compute capacity within the first two years and continues through the extension options, total contract revenue is expected to exceed $3B.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) provides crane rental and lifting solutions for oilfield, construction, commercial, and infrastructure markets in North America, Europe, the Middle East, and internationally.
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