Hyperscale Data Creates $120M Michigan AI Reserve Account with Monthly Reports
GPUS•Hyperscale Data has established a $120 million Michigan AI development reserve account and received a $10.6 million deposit under its Master Services Agreement. The company will issue monthly reports detailing reserve balances, capital deployment, construction progress and key milestones for its Michigan AI campus starting July 2026.
1. Michigan Reserve Account Established
Hyperscale Data set up a Michigan AI development reserve account targeting approximately $120 million to finance its Michigan Campus. The account already holds $10.6 million deposited under the Master Services Agreement with a neocloud provider.
2. Monthly Infrastructure Progress Reports
Starting in July 2026, the company will publish monthly updates detailing Michigan reserve account balance, capital deployment, construction progress and key development milestones to enhance transparency for investors.
3. Master Services Agreement and Revenue Potential
The MSA spans an initial 10-year term for 20 MW of AI compute capacity, with two five-year extensions and an option for an additional 32 MW. If fully executed, the contract could generate over $1.2 billion initially and more than $3.0 billion including extensions.
4. Funding Strategy and Balance Sheet
Hyperscale Data plans to fund the reserve account primarily through its at-the-market offering, which provides low-cost capital without adding debt. As of June 24, 2026, the company held about $94.8 million in cash, restricted cash, Bitcoin and silver.
