Hyperscale Data signs 20MW data center deal with undisclosed neocloud customer in Michigan, potential value up to $3B
By
Georgia Butler
Summary
Hyperscale Data has signed a 20MW capacity agreement with an undisclosed neocloud customer at its Michigan data center campus. The initial contract term is 10 years with two five-year extension options, potentially valued at around $1.2 billion if run to its maximum term, and could reach $3 billion if the customer scales up to 52MW. Alliance Cloud Services (ACS) is handling procurement of electrical and infrastructure equipment and retrofitting 60,000 sq ft at the site, with expected costs between $100M and $120M.
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Key quotes
· 5 pulledThe identity of the neocloud customer has not been provided.
The contract will run for an initial term of 10 years with two five-year extension options.
Should it run to its maximum term, the deal is valued at around $1.2 billion.
If the customer scales up to 52MW, this could then be $3bn.
This process is expected to cost ACS between $100m and $120m.
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