iPower completes initial $1M USD.AI purchase for AI infrastructure

Key Highlights

• iPower completed an initial purchase of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol.
• The Company intends to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing token.
• This purchase is part of iPower’s previously announced AI infrastructure investment strategy.
• The $1.0 million purchase represents the initial tranche of iPower’s commitment to invest up to $3.0 million in USD.AI’s ecosystem.
• The investment aims to position iPower to participate in the AI infrastructure funding ecosystem.
• USD.AI supports financing AI infrastructure and has attracted investments from Bullish ($4.0 million) and Coinbase Ventures.
• CEO Lawrence Tan stated this moves iPower from strategy to execution in AI infrastructure financing.