IPW news

iPower AI LLC signed a non-binding LOI for five-year services, targeting up to 396 AI units and $21.90 million in annual fees, transforming the company into an AI service provider.

iPower announced a non-binding letter of intent for leasing GPU systems valued at $6 million with potential to expand to $60 million. This move advances the Company's AI hardware leasing strategy.

iPower Inc. intends to explore acquiring or financing AI compute hardware and related data center assets. This move aligns with strategies to capitalize on the rapidly expanding artificial intelligence infrastructure market.

iPower Inc. completed an initial $1 million purchase of USDai tokens and plans to stake them into sUSDai as part of a $3 million commitment to USD.AI's ecosystem. The move signals the company's strategic pivot toward AI infrastructure financing and positions it to participate in emerging capital for…

iPower Inc. has executed documents to implement a previously authorized $2 million share repurchase program, with the first funding tranche expected this week. The buyback demonstrates management confidence but remains discretionary and subject to market conditions and regulatory approval.

iPower reduced operating expenses to $1.9 million from $5.6 million sequentially while narrowing non-GAAP net loss to $0.3 million, reflecting its transition to a leaner asset-light model. The company took a $3.0 million non-cash goodwill impairment and launched an AI infrastructure strategy to posi…