Las Vegas – September 17, 2026 -- Hyperscale Data, Inc. (NYSE American: GPUS) has set $750 million as the minimum valuation at which it would seriously consider selling its Michigan AI data center campus, with management estimating the asset could fetch as much as $1.25 billion.
Executed contract anchors valuation range
The valuation is tied to a newly executed master services agreement between subsidiary Alliance Cloud Services, LLC (ACS) and a California-based neocloud provider for an initial 20 megawatts of critical AI compute capacity at the Michigan Campus. The MSA carries a 10-year initial term with two five-year extension options.
Contract could generate more than $3.0 billion over 20 years
If the customer exercises both extensions, the initial 20 MW deployment alone is projected to generate over $1.2 billion in aggregate revenue across the maximum 20-year term. The agreement also grants the customer rights to an additional 32 MW; if exercised within the first two years and sustained through both extensions, total contract revenue from the resulting 52 MW deployment could exceed $3.0 billion. Hyperscale Data has previously stated the campus could ultimately support more than 300 MW of total power capacity, though further build-out depends on financing, permitting and utility agreements.
Company weighs sale, IPO or continued ownership
Hyperscale Data is evaluating three paths for the Michigan Campus: an outright sale, an initial public offering of Sentinum, Inc.—the wholly owned subsidiary that owns ACS—in which a minority stake would be sold to fund expansion, or continued in-house development. No definitive decision has been made, and management said it does not presently intend to recommend a sale below the $750 million threshold.
Executive Chairman cites valuation gap
Milton "Todd" Ault III, Executive Chairman and, through Ault & Company, Inc., the Company's largest stockholder, said he sees "an extraordinary disconnect between the public-market valuation currently being assigned to Hyperscale Data and the fundamental value represented by the Michigan Campus." He said the company would evaluate the asset on underlying fundamentals rather than current market pricing.
CEO William B. Horne said public-market comparables among AI infrastructure companies provide context for the valuation range and that the company is prepared to pursue either a sale or a separate public listing of the data center business, depending on which path maximizes stockholder value.
Management's $750 million to $1.25 billion range is based on currently available information and does not reflect an independent appraisal or fairness opinion. The company cautioned there is no assurance the strategic review will result in any transaction or that a deal would be completed at these valuations.