Mg55Y15Cu30 metallic glass powders were prepared by the mechanical alloying of pure Mg, Y, and Cu after 10 h of milling. The thermal stability of these Mg55Y15Cu30 amorphous powders was investigated using the differential scanning calorimeter (DSC). Tg ,Tx , and ΔTx are 442 K, 478 K, and 36 K, respectively. The as-milled Mg55Y15Cu30 powders were then consolidated by vacuum hot pressing into disk compacts with a diameter and thickness of 10 mm and 1 mm, respectively. This yielded bulk Mg55Y15Cu30 metallic glass with nanocrystalline precipitates homogeneously embedded in a highly dense glassy matrix. The pressure applied during consolidation can enhance thermal stability and prolong the existence of amorphous phase within Mg55Y15Cu30 powders.