Hyperscale Data (NASDAQ: GPUS) experienced a roughly 7% drop in its pre‑market share price on Tuesday, settling near $0.25 after yesterday’s extraordinary 77.62% rally.
Share‑Price Reaction and Market Context
Investors tempered their enthusiasm as the stock retreated, indicating typical profit‑taking rather than any fundamental weakness. During the same interval, GPUS Nasdaq futures edged up 0.24% while the broader S&P 500 futures gained 0.04%, suggesting that the broader market momentum did not shield GPUS from the pullback.
AI Computing Contract in Late‑Stage Talks
Hyperscale Data’s Alliance Cloud Services unit disclosed that it is negotiating a master services agreement to deliver 20 megawatts of AI computing capacity at its Michigan data center. The prospective deal projects more than $1 billion in revenue over a 20‑year horizon, and an additional 32 megawatts slated for 2028 could lift the total contract value above $2.5 billion.
Shift Away from Bitcoin Mining and Crypto Operations
To make room for the AI infrastructure, the company announced a phased withdrawal of its Bitcoin mining activities at the Michigan site, a move that will reduce its exposure to blockchain and crypto mining revenue streams. CEO Will Horne signaled that further updates will arrive in the coming weeks as discussions progress, keeping investors alert to the evolving strategy.