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Hyperscale Data signs $1.2B deal to convert Bitcoin mining site into AI compute center

Market News
24 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Hyperscale Data has signed a Master Services Agreement worth over $1.2 billion to provide 20 MW of AI computing power at its Michigan data center, with options to expand up to 84 MW. The company is repurposing 28 MW of power from Bitcoin mining to AI workloads, investing $100-$120 million to retrofit 60,000 sq ft of its facility. Bitcoin mining will continue at a separate Montana site. The Michigan campus has capacity for over 300 MW, leaving room for future growth even if the full deal is exercised. This deal marks a major shift from cryptocurrency mining to AI infrastructure, reflecting growing demand for AI compute resources.

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Willis Towers Watson stock could rise 25% on new digital sales and advanced analytics innovations.

Willis Towers Watson stock could rise 25% on new digital sales and advanced analytics innovations.

Willis Towers Watson, a global advisory firm, is poised for growth with a 25.3% potential stock upside, driven by new initiatives like KwantSure, a digital insurance sales channel for subcontractors, and a Geospatial Mortality Model to improve pensio...

Analyst Insights
Bullish
1 hour ago
AngioDynamics jumps on strong Q4 sales and raised price target to $19 by H.C. Wainwright

AngioDynamics jumps on strong Q4 sales and raised price target to $19 by H.C. Wainwright

AngioDynamics reported an 8% revenue increase to $86.6 million in Q4, driven by a 16.7% sales rise in its Med Tech division, notably from NanoKnife and AlphaVac products. H.C. Wainwright raised the price target from $16 to $19 and maintained a Buy ra...

Company Fundamentals
Bullish
1 hour ago
PNC beats Q2 earnings estimates with record revenue, but shares fall on expense and deposit concerns.

PNC beats Q2 earnings estimates with record revenue, but shares fall on expense and deposit concerns.

PNC Financial Services Group reported Q2 2026 adjusted EPS of $4.85 and record revenue of $6.88 billion, surpassing analyst expectations. The growth was driven by a 15.5% rise in net interest income and a 31.4% increase in fee income, reflecting stro...

Company Fundamentals
Neutral
1 hour ago
Greenlight hits Ohio license cap with 4 new dispensaries and adds manufacturing operations.

Greenlight hits Ohio license cap with 4 new dispensaries and adds manufacturing operations.

Greenlight, a leading cannabis operator, expanded its Ohio presence by opening four new dispensaries and adding in-state manufacturing, reaching the state's maximum allowed eight dispensaries. This move strengthens Greenlight's position in Ohio's lim...

Company Fundamentals
Bullish
1 hour ago
Halper Sadeh LLC probes fairness of deals for ESI, CRNX, SOLS shareholders amid merger sales.

Halper Sadeh LLC probes fairness of deals for ESI, CRNX, SOLS shareholders amid merger sales.

Halper Sadeh LLC is investigating whether shareholders of Element Solutions Inc (ESI), Crinetics Pharmaceuticals (CRNX), and Solstice Advanced Materials (SOLS) are receiving fair treatment in their respective sale and merger transactions. The firm hi...

Market News
Bearish
1 hour ago
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