Hyperscale Data (GPUS) Stock Falls 17% as Michigan Bitcoin Mining Ends for AI Deal

Hyperscale Data shut down all Bitcoin mining at its Michigan facility on Sept. 1 to make way for an AI data center customer. A California-based neocloud provider has contracted 20 MW under a 10-year deal worth over $1.2 billion, with options potentially pushing that above $3 billion. GPUS stock fell around 17%.