GPUS News & Events

Hyperscale Data disclosed advanced negotiations on a Master Services Agreement that would end all bitcoin mining at its Michigan campus in favor of AI colocation. Bitmine Immersion Technologies launched its new preferred series BMNP on the NYSE today. Robinhood announced a workforce reduction while reporting record trading volumes, and Forward Industries revealed two failed solana acquisition bids alongside a group-action dispute. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.HYPERSCALE DATA EYES BITCOIN MINING EXIT:Hyperscale Datait is in advanced negotiations on a Master Services Agreement to provide 20 MW of critical AI compute capacity at its Michigan data center campus, with revenue projected to exceed $1.0B over a 20-year term, and an expansion option to 52 MW that could reach approximately $2.5B total revenue. If the MSA is signed, the company will cease all bitcoin mining at the Michigan campus over several months to convert the power allocation to higher-margin AI colocation, with the first 10 MW targeted operational within 90 days of closing. The campus carries potential for 300+ MW total capacity subject to regulatory approvals and financing., Hyperscale Data disclosed holding 713.5884 bitcoin valued approximately $46.9M at $65,710 per bitcoin as of June 14, plus $40.2M in cash and restricted cash and 10,000 ounces. of silver, with combined treasury representing about 73.34% of market capitalization.BMNP PREFERRED MAKES NYSE DEBUT:Bitmine Immersion Technologiesbegan trading its 9.50% Series A Perpetual Preferred Stock on the NYSE today under the ticker symbol "BMNP," following the close of a 3,500,000-share offering at $80 per share that netted $273.8M in proceeds, as the company. Dividends on its Series-A Perpetual Preferred Stock are paid weekly.ROBINHOOD CUTS 10% OF WORKFORCE:, Robinhoodrevealed a workforce reduction of approximately 10% of full-time employees plus closure of a small number of open roles, with estimated cash restructuring charges of $20M and share-based compensation charges of $8M, both to be accrued in Q2. The company characterized the reduction as taken "from a position of business strength," noting that June month-to-date average daily trading volumes are at record levels across equities, options, and prediction markets.FORWARD INDUSTRIES' SOLANA M&A BIDS REBUFFED:Forward Industriesthat two non-binding all-stock acquisition proposals made as part of its solanatreasury strategy were rejected, with a proposal to SkyAIexpiring unaccepted on June 12 and Solana Company'sboard formally rejecting its proposal the same day., Forward Industries disclosed it received a letter from counsel for Brera Holdingsalleging Forward was acting in concert with Viktor Fischer, RockawayX, and affiliated entities as an undisclosed Section 13(3) group, with Forward Industries responding on June 15 that the allegations are meritless.PRICE ACTION:As of time of writing, bitcoinwas trading at $65,585.96, while etherwas trading at $1,778.06,.

Hyperscale Data announced that it sees increasingly strong interest in its Michigan data center campus from prospective customers seeking scalable AI infrastructure and high-density GPU-based compute environments and IT infrastructure. The company stated that negotiations with a prospective customer have advanced to a stage where management believes that Alliance Cloud Services, an indirect wholly owned subsidiary of Hyperscale Data, will enter into a master services agreement to provide colocation and related data center services for AI compute deployments in the coming weeks. As these services become available, the company will likely cease all bitcoin mining operations at the Michigan Campus over several months so that it can focus its available power capacity on these higher margin services. If the agreement under negotiation is executed, it is expected that the first 10 megawatts would be operational within 90 days followed by an additional 10 MWs 90 days thereafter. ACS expects to provide approximately 20 MWs of critical power capacity this year for one potential customer. Agreements of this nature, many of which have a term, including renewal options, of up to 20 years, will typically generate in excess of $1B in revenue over a 20-year period. Additionally, ACS intends to deliver an additional approximately 32 MWs of critical power capacity during 2028, and anticipates that such additional power will also be taken by the potential customer. Over a 20-year term, the increased capacity is expected to generate an additional approximately $1.5 billion in total revenue. Accordingly, 52 MWs of total critical power capacity could generate an aggregate of approximately $2.5B in total revenue over a 20-year term. Management believes the Michigan Campus has the potential to support more than 300 MWs of total power capacity.

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.COINBASE INTRODUCES COINBASE FOR AGENTS:On Thursday, Coinbaseannounceda feature that connects a user's AI agent directly to their account to enable it to trade, pay and execute workflows on their behalf. The company said, "People are already using Large Language Models for a vast range of investment research and financial questions. But these LLMs often lack full context about your actual financial life and portfolio, and they can't take actions on your behalf. Today, we are changing that. Introducing Coinbase for Agents. Connect your favorite agent directly to your Coinbase account to trade, pay, and operate within limits you control. By giving your AI agent direct access to Coinbase, your agent can now do both financial reasoning and execution. The way people interact with the internet is changing. People are increasingly moving through the world via agents rather than apps — and businesses are rapidly rebuilding their products to be agent-first in turn. As that ecosystem grows, Coinbase for Agents is positioned to be your trading and spending account at the center of it."Additionally on Thursday, MassPay Holdings and Coinbase announced a strategic partnership to bring stablecoin-powered cross-border payout capabilities to businesses worldwide. The partnership combines MassPay's single-API global payout network, covering 180 countries across bank transfer, mobile wallet, and digital asset rails, with Coinbase's regulated digital asset infrastructure, institutional-grade safeguarding of digital assets, and extensive global licensing footprint. Together, they enable enterprise customers to move between fiat currency, USDC, and other digital assets without managing separate crypto infrastructure. "Stablecoin rails are becoming the standard for how global businesses move money, and our partnership with MassPay is a great example of that shift in action. MassPay's enterprise clients can now fund in USD, settle in USDC, and pay recipients globally — all within the infrastructure they already use. Coinbase handles the custody, compliance, and onchain infrastructure in the background, so MassPay can stay focused on delivering high-quality service to their clients." said Alec Lovett, Head of Infrastructure Products at Coinbase.FORWARD PROPOSES ACQUISITION OF BRERA HOLDINGS:Forward Industriesannounced Tuesday that itto Brera Holdingson June 1 to acquire the entire issued and to be issued share capital of SLMT in an all-stock transaction. Under the proposal, SLMT shareholders would receive 1.54 newly-issued shares of Forward Industries common stock for each SLMT share, representing a premium of approximately 30.7% to the volume-weighted average closing price of SLMT's ordinary shares over the ten trading days ended June 1 or $7.19 per share. The board of directors of SLMT chose to not engage in discussion with Forward and rejected the proposal on June 6 on the basis that "it does not consider the proposal to be in the best interest of the company".The company said, "Forward Industries respectfully disagrees and believes that the proposal is in the best interest of SLMT and, equally as importantly, the shareholders of SLMT, and is disappointed that SLMT has chosen to not engage in dialogue with the Forward team. Forward believes it is a strong partner and hopes that SLMT is open to further discussion to create an outcome that would create value for SLMT and its shareholders. We believe Forward's capital structure, its scale as the largest Solana treasury, and its access to capital position can realise and sustain the value embedded in SLMT more effectively than SLMT could on a standalone basis."Brera announced Thursday that itthis week at a price of approximately $64.20, as part of its ongoing strategy to make SOL acquisitions. The purchase was made using Solmate Infrastructure's cash reserves, and the company plans to continue deploying capital for further SOL purchases as it seeks to establish itself as the market leader among publicly traded Solana-focused investment and infrastructure companies.MASSPAY EXPANDS OFFERING VIA CIRCLE PAYMENTS NETWORK:MassPay announced Tuesday anprovided by Circle Internet Financial. Building on its existing integration with CPN, MassPay now leverages CPN Management Payments for stablecoin-enabled settlement. The integration enables MassPay customers to fund, manage, and send payouts using stablecoins, without directly managing digital assets or blockchain infrastructure."MassPay's expanded use of Circle Payments Network Managed Payments shows payments companies are looking to bring faster, cheaper, and programmable money movement into their core payout operations," said Irfan Ganchi, SVP of Product Management, Payments at Circle. "By leveraging managed infrastructure through CPN, MassPay enables customers to access stablecoin-powered workflows without directly managing digital assets."On Wednesday, Munify announced its integration with the Circle Payments Network to support stablecoin-based payouts into the Philippines. Through the integration, Munify enables users to receive funds globally in USDC and convert them into Philippine pesos for payout to local bank accounts and digital wallets."Munify's integration with CPN supports stablecoin-based payouts into the Philippines," said Ganchi. "By connecting to CPN, Munify enables more efficient conversion of digital dollars into local currency, helping streamline cross-border payment flows for users and businesses."CME GROUP LAUNCHES NASDAQ CME CRYPTO INDEX FUTURES:CME Groupannounced Tuesday the launch of NasdaqCME Crypto Index futures. At expiration, these contracts are financially settled to the value of thewhich measures the performance of the largest and most actively traded cryptocurrencies. As of June 9, the index includes bitcoin and bitcoin cash, ether, SOL, XRP, ADA, LINK, and lumens."With trading now officially underway, our new Nasdaq CME Crypto Index futures represent a major milestone in the expansion of our regulated digital asset marketplace," said Giovanni Vicioso, Global Head of Cryptocurrency Products. "In today's volatile markets, investors are increasingly seeking diversified exposure to the cryptocurrency ecosystem while retaining the capital efficiencies and transparency of a regulated futures marketplace. These contracts give clients a cost-efficient tool to hedge their risk or directly pursue broad-based crypto opportunities."Additionally on Monday, CME announced its new Bitcoin Volatility Index futures are available for trading. First trades were executed as blocks between DV Chain and Monarq Asset Management."The early support we've seen for our new Bitcoin Volatility futures further demonstrates the growing client demand for more innovative tools to more efficiently protect against adverse market moves," said Vicioso. "Our new 24/7 trading framework expands the utility of these contracts, allowing investors to isolate and precisely manage their portfolio's volatility risk and exposure at any hour of the day, any day of the week – unlocking a critical new layer of risk management."TRUMP CRYPTO PROFITS PROBED:A two-part Reuters investigation published Monday estimated the Trump familyincluding American Bitcoinand World Liberty Financial, while outside investors in those same projects suffered equivalent paper losses. The second installment reported that Eric Trump holds approximately 7.5% of American Bitcoin with no evidence he contributed commensurate capital, while the two Trump sons collectively hold approximately 20%, and American Bitcoin shares are down approximately 90% from their September 2025 IPO price. The dual investigation dropped on the same day the House Ways and Means Committee convened its full-committee hearing on digital asset taxation.OTHER CRYPTO NEWS:Strategyacquires, announces approval of STRC semi-monthly dividendsVisaannouncesStrivepurchasesas of June 5BitGolaunches institutionalintroduces Lightning Earn offering, BitGo MENA launches regulated electronic tradingHyperscale Datareports, announces Yorkville transactionBitmine ImmersionreportsEightco HoldingsreportsCore Scientificre-initiatedRiot Platformsprice targetat Keefe BruyetteNakamotosellsCanaanminesAI FinancialprovidesCangominesBitFuFuminesSolunaminesFigure TechnologytoFoldmonetizesZooz PowertoCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 4% this week to $63,192 in U.S. dollars, according to CoinDesk.

Hyperscale Data's wholly owned subsidiary, Omnipresent Robotics, has confirmed the beginning of production through its partner of the first 30 OPR-R2 humanoid robots and expects to begin receiving the components and assembling them for deployment at the company's Michigan AI data center campus in Q3. The initial production represents the first phase of a broader initiative involving 143 OPR-R2 humanoid robots scheduled for deployment throughout the Michigan Campus. The robots are expected to operate from the company's planned 100,000-square-foot Robotics Research, Testing and Innovation Center and are intended to support the development of embodied artificial intelligence applications, autonomous workflows, and advanced robotics systems. The initial 30 robots will be assigned to Omnipresent Robotics' Model Training Laboratory, where they will work side-by-side with AI infrastructure personnel and data center employees. The Laboratory is being designed to support the training, testing, and validation of advanced foundation models and frontier AI systems and other forms of physical AI. Hyperscale Data intends to utilize its Michigan Campus to generate large-scale real-world training data through Omnipresent Robotics and its fleet of humanoid robots.