Hyperscale Data, Inc. (AMEX:GPUS) saw its stock skyrocket 94% in premarket trading following the company’s announcement of a $100 million Bitcoin treasury strategy. The initiative is part of its transformation into a pure-play artificial intelligence data center and digital asset company.

The strategy will be partially funded by proceeds from the sale of the company’s Montana data center assets and capital raised via its previously announced at-the-market equity program. At the same time, Hyperscale Data is fast-tracking the expansion of its flagship Michigan campus, where NVIDIA GPU servers installed for customers are enabling advanced AI and high-performance computing workloads.

Through its wholly owned subsidiary, Sentinum, Inc., Hyperscale Data has been mining Bitcoin for years, developing operational expertise in digital assets. The company now intends to hold Bitcoin as a primary treasury reserve, following a strategy similar to that of MicroStrategy, while continuing investments in its Michigan infrastructure.

“This marks a pivotal moment in Hyperscale Data’s evolution,” said William B. Horne, Chief Executive Officer. “With the Michigan campus positioned to become an extremely valuable asset over time, and with Bitcoin now serving as a core treasury reserve, we are building a company anchored in two of the most dynamic forces of our era: artificial intelligence and digital assets.”

The Michigan campus currently provides around 30 MW of power capacity, with a phased expansion planned to reach 70 MW over the next 20 months. Subject to agreements with local utilities and regulatory approvals, the facility could eventually grow to approximately 340 MW.

As part of its treasury program, Hyperscale Data will maintain transparency and accountability by publishing weekly updates on its crypto asset holdings.

Hyperscale Data stock price

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