Hyperscale Data, Inc., a diversified holding company has completed an order for 1,000 new Bitmain Antminer S21+ miners (“S21+’s”) for its Michigan Data Center (the Michigan Facility). The Company plans to begin installing the S21+’s as soon as they arrive.
This new deployment marks a key step in Hyperscale Data’s optimization program, replacing a portion of older, less-efficient Bitcoin miners with the current generation of high-performance equipment. The installation will occur in approximately 4-megawatt (“MW”) phases, enabling the Company to integrate new S21+’s with minimal disruption to existing operations.
“We remain committed to running an artificial intelligence (“AI”) data center and Bitcoin mining operation side-by-side at our Michigan Facility,” stated Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “This model enables us to leverage infrastructure and maximize efficiency across two lines of business. By upgrading to the S21+’s, we are increasing productivity while maintaining our long-term focus on Bitcoin accumulation and expanding our AI compute offerings.”
S21+’s deliver up to approximately 235 terahashes per second, which represents an approximate 135% increase in processing speed from Hyperscale Data’s older S19J Pro Bitcoin miners.
Hyperscale Data plans to upgrade approximately 20 MW of Bitcoin miners, which would result in approximately 5,000 total new S21+s’s operating at the Company’s Michigan Facility. Upon the completion of this planned 20 MW upgrade, the Company expects a significant change in the overall efficiency and output of its Bitcoin mining operations.
Additionally, the Company reminds stockholders that it intends to hold all Bitcoin earned from Bitcoin mining operations on its balance sheet as part of its digital asset treasury strategy while supplementing Bitcoin mining operations with ongoing open market acquisitions of Bitcoin as it moves toward its goal of a $100 million Bitcoin treasury.
