Hyperscale Data Pivots Michigan Campus to AI with $1.2 Billion Deal

The agreement includes an option for the client to expand capacity to 52 megawatts, which would push total contract value beyond $3 billion. To accommodate the new infrastructure, the company is retrofitting 60,000 square feet of its Michigan site, an upgrade estimated to cost between $100 million and $120 million. Deployment of the initial capacity is slated for the fourth quarter of 2026, with potential service initiation as early as late September.

CEO William B. Horne noted that the facility's evolution into a high-performance computing hub is a priority, allowing the company to move away from its historical focus on Bitcoin mining. While some mining operations may continue at the Michigan location during the transition, the company is prioritizing the site's long-term potential to reach 300 megawatts of total power capacity. Executive Chairman Milton "Todd" Ault III emphasized that this transition is designed to maximize the campus's value as they scale to meet the rising demand for artificial intelligence infrastructure.