DealsJul 23, 2026, 12:02 PM
iPower Signs LOI for $6M GPU Leasing, Potential $60M Expansion
AI Summary
iPower Inc. announced it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems. The initial deployment is expected to be approximately $6 million with an anticipated 36-month lease term. This deal has the potential to expand to an aggregate contract value of approximately $60 million, marking a significant step in iPower's AI hardware leasing strategy following the formation of its dedicated AI subsidiary.
Key Highlights
- Signed non-binding LOI for high-performance GPU system leasing.
- Proposed initial deployment valued at approximately $6 million.
- Anticipated lease term of approximately 36 months.
- Potential expansion to approximately $60 million in aggregate contract value.
- iPower or its subsidiary to acquire and retain ownership of GPU systems.
- LOI follows formation of iPower's dedicated AI subsidiary.
- Final terms and definitive agreements are subject to negotiation.
Price Impact
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