Alliance Cloud Services Nears $1 Billion 20-MW AI Deal, Phasing Out Bitcoin Mining
Updated
Updated · Stocktwits · Jun 15
Alliance Cloud Services Nears $1 Billion 20-MW AI Deal, Phasing Out Bitcoin Mining
1 articles · Updated · Stocktwits · Jun 15
Summary
Advanced talks center on a master services agreement that would let Alliance Cloud Services provide 20 megawatts of AI compute capacity at its Michigan campus, generating more than $1 billion over 20 years.
The deal would likely end Bitcoin mining there over several months as Hyperscale Data shifts power to higher-margin AI services; the first 10 MW could go live within 90 days of signing, with another 10 MW 90 days later.
Hyperscale Data said the same customer may take another 32 MW in 2028, lifting the potential contract value to about $2.5 billion for 52 MW.
GPUS shares jumped more than 24% in premarket trading as the company highlighted a 617,000-square-foot Dowagiac campus that currently runs about 30 MW and could eventually support more than 300 MW.
The pivot mirrors a broader industry shift as Bitcoin miners repurpose powered, cooled sites for AI infrastructure; Hyperscale would still keep roughly 709 Bitcoin, worth more than $46 million, on its balance sheet.