GPUS: Hyperscale Data sets Nov. 12 investor day to update on Michigan AI campus and strategic alternatives

AI Summary

Hyperscale Data (GPUS) will host a virtual investor day on Nov. 12 to update progress and planned expansion of its Michigan AI data center campus, review an MSA with a neocloud customer (initial 20 MW with options up to 52 MW that could generate >$3.0B over 20 years), and discuss strategic alternatives for portfolio assets including potential sales or IPOs. The company reiterated 2027 guidance of $300–$350M revenue and $60–$80M consolidated Adjusted EBITDA, while warning that capacity beyond the initial 20 MW is contingent on financing, approvals and other conditions and that no definitive transaction decisions have been made.

Positives

Investor day scheduled for Nov. 12 to provide specific updates on Michigan campus and portfolio strategic options
MSA contemplates initial 20 MW deployment with options to reach 52 MW, potentially >$3.0B in contract revenue over 20 years
Company reiterated 2027 guidance: $300–$350M revenue and $60–$80M consolidated Adjusted EBITDA

Negatives

Any expansion beyond the initial 20 MW is conditional on financing, regulatory approvals, utility agreements and customer demand
No definitive decisions or timelines for strategic alternatives; discussions remain preliminary
Cannot reconcile projected Adjusted EBITDA to GAAP net income because key components (interest, taxes, D&A, stock comp, impairments) are not reasonably estimable