AI infrastructure and Bitcoin mining firm Hyperscale Data (NYSE: $GPUS) said Monday that its subsidiary, Alliance Cloud Services plans to acquire approximately 48.5 acres of land in Michigan.

The acquisition will reportedly more than double the company's existing footprint as it continues to scale its artificial intelligence and high-performance computing data center campus.

According to the press release, the transaction, expected to close within 60 days, will bring the company’s total owned acreage in the region to approximately 83 acres. 

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The Las Vegas company has already begun a phased buildout of its Michigan facility, with plans to eventually reach 340 megawatts (MW) of power capacity by 2029.

"This is a significant step in the right direction for ACS on its path to expanding its footprint in the Michigan area," stated Will Horne, Chief Executive Officer of Hyperscale Data. "This land acquisition will give us additional space and the opportunity for future development and demonstrates the Company's long-term commitment to Southwest Michigan and the Company's operations there."

The acquisition follows the company’s recent rebranding and its strategy to divest its non-core subsidiary, Ault Capital Group, by the first quarter of 2027 to focus exclusively on its Sentinum-branded data center operations and its Bitcoin treasury, which currently holds approximately 627 BTC valued at over $45 million.

Hyperscale Data says the Michigan campus currently operates as a dual-use facility, supporting both Bitcoin (CRYPTO: $BTC) mining and colocation services for AI. Management indicated that the new acreage would likely support the installation of high-density liquid cooling systems and hardware required for NVIDIA Blackwell server deployments.

Shares of Hyperscale Data are sitting at 14 cents, up 3.60 percent in pre market trading.