Hyperscale Data shares hit all-time low as Michigan site shifts from Bitcoin mining to AI

Hyperscale Data’s shares fell to an all-time low after the company announced it will convert its Michigan facility from Bitcoin mining to AI data-center operations. The decision highlights investor concern about mining profitability and a broader corporate reallocation of infrastructure capital toward higher-margin AI workloads. For Bitcoin, the shift removes some institutional mining capacity and weakens sentiment in mining equities, but is unlikely by itself to materially affect overall network security given the global distribution of hash rate—continued capital flight to AI, however, could slow future U.S.-based hash rate growth.