The hyper-eutectic Mg-33.5%Ni alloy was rapidly solidified by melt spinning process. The melt-spun Mg-33.5%Ni has amorphous structure and crystallization occurred above $162^{circ}C$. The hydriding and dehydriding rates of melt-spun Mg-33.5%Ni increased with cycle and high rate of hydrogen storage occurred at 3rd cycle. The maximum hydrogen amount absorbed in melt-spun Mg-33.5%Ni at $300^{circ}C$ is about 4.5%.