Data Center View - November 13, 2026 - Hyperscale Data sells $16M in bitcoin to fund Michigan AI data center

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NEWS ROUNDUP

FINANCING: Hyperscale Data sells $16M in bitcoin to cut debt and fund Michigan AI data center. Hyperscale Data has sold its remaining bitcoin reserves, about 211.56 bitcoin, for about $16 million and will use the proceeds to pay down debt and keep building its AI data center in Dowagiac, Michigan. CEO Will Horne said the top priority is energizing the first 10MW of critical IT capacity at the site, which he called the company's quickest path to profitability. The company will keep mining bitcoin at its site in Montana.

INCENTIVES: Indianapolis committee recommends rejecting $113M in tax breaks for DC Blox campus. An Indianapolis City-County Council committee voted 11-2 to recommend that the full council reject about $113 million in tax breaks for DC Blox's planned $1.8 billion data center campus on the city's east side. The nonbinding recommendation covers 10-year abatements on real and personal property taxes for the site at 305 Fintail Drive, where DC Blox plans a 70,000-SF building followed by a 250,000-SF building. David Armistead, DC Blox's senior vice president of sales, told councilors the company has no full tenant commitments for either building.

POWER: Calibrant closes $145M financing including 120MWh battery for hyperscale data center in PJM. Calibrant Energy has closed a $145 million debt facility led by Investec, with Citi, Liberty Bank and Siemens Financial Services, for solar and battery storage projects including a 120MWh battery system serving an unnamed hyperscale data center customer in PJM. CEO Phil Martin said data center operators are choosing on-site storage as a fast and reliable way to get online, and the company has begun mobilizing at the hyperscale site.

LEADERSHIP: TierPoint names former Metronet executive Craig Cowden CEO. TierPoint has named Craig Cowden, most recently chief technology and product officer at Metronet, as CEO, succeeding founding CEO Jerry Kent, who becomes executive chairman. Majority shareholder Argo Infrastructure Partners and Kent's firm Cequel III will keep their investments. TierPoint operates 40 data centers in 20 US markets, including a 100MW power expansion available for lease at its TekPark campus in Allentown, Pennsylvania.

READ: Boise approves six-month moratorium on data centers of 100,000 SF or 20MW.

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