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New York, June 16, 2026, 06:04 (ET)
Hyperscale Data, Inc. (GPUS) shares jumped Monday after the Las Vegas firm said its Alliance Cloud Services arm is close to finalizing a master services deal for AI compute at its Michigan site. The stock, listed on NYSE American as GPUS, closed at $0.27 on June 15, up 75.5%, with shares trading between $0.19 and $0.30, according to Google Finance. Early Tuesday, GPUS was down around 7% on the same Google Finance page, as some traders appeared to take profits after the rally. Google
Shares gained with the market watching Hyperscale Data’s possible AI infra deal. Hyperscale Data said the talks cover the first 20 megawatts of critical power, which it estimates could bring in more than $1 billion over 20 years. In colocation, a data center supplies the power, cooling, space, and networking so customers can run their own equipment. The company said another 32 megawatts could be ready by 2028. That would bring the same customer up to 52 megawatts total and nearly $2.5 billion in potential revenue over two decades. PR Newswire
Hyperscale Data shares are in focus after the company said it’s looking at shifting from Bitcoin mining to AI data center work. Hyperscale Data plans to shut down Bitcoin mining at its Michigan site in the next few months if it can start up AI services. That move would free up power for GPU-powered AI computing—GPUs run AI workloads. The company also warned there’s no final deal. Any new build will need outside capital, regulatory signoff, engineering, plus different utility contracts. PR Newswire
Short-covering may be happening. Benzinga said Hyperscale Data’s short interest dropped from 41.89 million shares to 27.35 million. That still leaves about 20.21% of the public float sold short. Short interest tracks stock traders have borrowed and sold, expecting a fall. If the stock jumps, those traders can race to buy back shares, which can push the price up. Benzinga
Hyperscale Data shares jumped today as some bulls argue the stock could keep running if the company can lock in the deal, secure power and financing, and start scaling up in Michigan for AI. They’re leaning on the latest Q1 revenue, which rose 76% from the prior year to $44.1 million. Stock Titan On the other side, bears note the heavy red ink. Hyperscale posted a $30.1 million net loss in Q1, a $32.5 million net loss for common shareholders, plus $36.3 million in cash and equivalents and $216.7 million total liabilities at quarter end. Stock Titan
GPUS stock is trading with real risk today as numbers hit. The shares are still leveraged. The company is losing money and has crypto exposure. Investors also have dilution risk if new stock gets issued. The upside case is tied to an unsigned AI deal and a longer buildout. Current holders could get diluted fast—Hyperscale Data’s June 11 Yorkville financing lets Yorkville call for shares at $0.2153 or at 90% of the latest volume-weighted price, but not under $0.10, as long as the agreement stays active. PR Newswire Next comes signing the master services deal. Investors want to see if the first 10 megawatts go live inside 90 days and whether the deal’s numbers still match up with current financing and pressure on the balance sheet.
A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.
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