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BTC Hyperscale Data shuts down Bitcoin miners in Michigan Data Center and switches to AI infrastructure
Hyperscale Data announced on September 2 that it has shut down all Bitcoin miners in its Michigan Data Center starting September 1. The company said in the announcement that the shutdown will free up the facility for deploying artificial intelligence infrastructure to customers under existing master service agreements. The move only terminated mining activities at the site and did not mean that the company completely stopped all bitcoin-related businesses.
Michigan Mining Machinery went offline on September 1.
Hyperscale Data said that after an unnamed California cloud service customer completed a facility inspection and jointly reviewed preparations with the company, the two parties agreed to immediately end mining. Preparations include engineering design and equipment procurement. The company stated that the site's power capacity, physical infrastructure, personnel and capital can now be fully invested in customer deployment and subsequent expansion.
This decision allows Hyperscale Data to join a broader wave of industry transformation-mining companies are evaluating energy-intensive AI workloads. There have been previous reports that another mining company has reduced computing power and plans to switch to AI business, while Hyperscale Data's announcement involves the complete shutdown of mining at specific facilities.
Initial deployment size of 20 MW
Under the master services agreement, the initial deployment size is 20 MW with an initial term of 10 years, with two optional five-year renewal periods. Hyperscale Data estimates that the contract will generate more than $1.2 billion in revenue if customers use the maximum term of 20 years. This figure is the company's forecast and is not a realized gain.
Customers also have options for an additional 32 MW. Hyperscale Data estimates that if customers exercise this option within two years and the contract is valid for both renewal periods, total contract revenue could exceed $3 billion. These results depend on customer decisions and subsequent implementation.
Most of the planned power capacity has not yet been allocated
The company expects the Michigan site to eventually have approximately 340 MW of power capacity. Even if customers expand their deployments, their usage will not exceed 20% of the total capacity, which means there is still capacity left for other customers. Hyperscale Data warns that these expansion ideas are still in their preliminary stages and depend on development, financing, approval and economic feasibility.
Hyperscale Data also expects to benefit from the planned sale of miner servers, but did not disclose buyers, prices or timetables. As a result, the announcement confirmed the shutdown at the operational level, but the economic benefits of equipment disposal and larger-scale AI construction plans are still pending. This transformation is similar to the industry diversification trend-recent reports on Bitcoin mining companies 'AI contracts have also mentioned similar trends, but the predicted contract amount is still a contingency and has not yet been realized.
