Hyperscale Data, Inc. ( GPUS/PD ) shares are surging premarket on Wednesday.

The company’s subsidiary, Alliance Cloud Services (ACS), reached a preliminary agreement with the local utility to expand power capacity at its Michigan data center from 30 MW to 300 MW.

The power upgrade is expected to be completed in 44 months after the formal Letter of Authorization (LOA) is finalized.

The expansion of the data center to 300 MW is a key milestone for Hyperscale Data ( GPUS/PD ), enabling ACS to meet the growing demand for high-performance computing (HPC) services supporting AI infrastructure. 

Hyperscale Data ( GPUS/PD ) is also transitioning the center’s existing 30 MW capacity from Bitcoin mining to HPC services. 

During the ongoing power upgrade, the company plans to explore potential methods for providing additional power. 

Currently, Hyperscale is deploying network, electrical, and cooling systems for its first HPC environment and will continue updating stakeholders as the transition and expansion progress.

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data ( GPUS/PD ), said, “This would be a game-changer for our business and the future of our AI infrastructure. Scaling our Data Center to 300 MW would significantly enhance our ability to meet surging demand from AI and high-performance computing customers. It also marks a major step forward in our transformation into a pure-play data center operator.”

Last month, Hyperscale Data’s wholly owned subsidiary, Sentinum, Inc., mined approximately 19.2 Bitcoin in January 2025 at the company’s Michigan data center.

Price Action: GPUS shares are up 4.29% at $3.40 premarket at the last check Wednesday.

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