#AI Data Center #Newmark Group #Hyperscale Data

Hyperscale Data Engages Newmark for Financing of Michigan AI Data Center

In a significant development, Hyperscale Data, Inc. (NYSE American: GPUS), known for its pioneering role in artificial intelligence (AI) data center operations, has announced a major collaboration with Newmark Group, Inc. This partnership aims to secure non-dilutive long-term debt financing for the expansion of its Michigan AI data center campus, often referred to as the Michigan Campus.

The engagement with Newmark, which is a leading player in commercial real estate advisory and capital markets services, is a strategic move designed to support the institutional funding of the Michigan Campus while alleviating the company’s dependency on issuing common equity. Newmark boasts a track record that includes overseeing substantial data center financing, which will be vital in identifying prospective lenders suitable for this endeavor.

Their expertise is underpinned by an impressive history of arranging financial support across various data center projects, including a notable $7.1 billion construction loan for an AI data center in Abilene, Texas, and a $975 million financing deal in Northern Virginia. Given Newmark’s extensive experience, Hyperscale Data is optimistic about its potential to navigate the complex financial landscape required for the financing of the Michigan Campus.

Aiming for Institutional Financing
Milton