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    Hyperscale Data Intends To Sell The Land Leases And Power Contracts Relating To Its Two Montana Data Center Properties In Order To Concentrate Resources On Its Flagship Michigan Campus

    Benzinga·09/11/2025 10:04:18
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    • In February 2023, BNI Montana, LLC, a wholly owned subsidiary of Sentinum, Inc. ("Sentinum"), which is Hyperscale Data's wholly owned subsidiary, acquired two land lease agreements and two corresponding power purchase agreements in Montana. The lease and power agreements run for a period of 10 years from June 2022, with a 10-year renewal option. Sentinum built out and developed a fully operational data center on one of the two properties.  Each of the two properties, when developed, has the ability to provide approximately 10 megawatts ("MW") of power. Sentinum currently conducts crypto asset mining at the one site that has been developed. The planned divestiture reflects Sentinum's sharpened focus on building long-term enterprise value at its Michigan data center, which is positioned to become a cornerstone artificial intelligence ("AI") and high-performance computing ("HPC") hub.
    • The Michigan facility, owned by Alliance Cloud Services, LLC, a wholly owned subsidiary of Sentinum, currently provides approximately 30 MW of power capacity. The Company is advancing a staged build-out that is expected to reach 70 MW over the next 20 months through new natural gas distribution infrastructure enabling on-site generation. Ultimately, subject to reaching an agreement with the local utility provider, navigating unknown regulatory challenges and securing appropriate funding, Hyperscale Data anticipates the Michigan campus could expand to approximately 340 MW of capacity.
    • By consolidating resources in Michigan, the Company desires to maximize stockholder value, strengthen its competitive positioning and advance its role as a provider of purpose-built AI and HPC infrastructure for enterprise clients.
    • If the Company is able to find a buyer and close upon the sale of the Montana assets, the proceeds are expected to further strengthen the balance sheet and accelerate the Michigan build-out.