Hyperscale Data Engages Newmark to Arrange Non-Dilutive Long-Term Debt Financing for Michigan AI Data Center Campus

TechFlow news, Oct. 28: According to an announcement released by PR Newswire, Hyperscale Data (GPUS), an AI data center company listed on NYSE American, said its indirect wholly owned subsidiary Alliance Cloud Services (ACS) has engaged Newmark, a commercial real estate services provider, to identify potential lenders for the development and expansion of the Michigan AI data center campus to secure non-dilutive long-term debt financing and reduce reliance on issuing additional common stock. Newmark previously arranged a $7.1 billion construction loan for an AI data center project in Abilene, Texas, in 2025, and $975 million in financing for a newly built data center in Northern Virginia in 2026.

The campus is operated by ACS and has entered into a 10-year master services agreement with a California-based next-generation cloud service provider, initially providing 20 megawatts of critical AI compute capacity. The customer holds two five-year renewal options and a right of first offer for an additional 32 megawatts of capacity, bringing total capacity to as much as 52 megawatts. The company expects the first 10 megawatts of capacity to be energized in December 2026 and to begin generating revenue.

Source: TechFlow