CIMG acquires 230 BTC for $24.6M; signs $106.5M computing power contract with China Merchants Bank

CIMG Inc.

Purchased 230 Bitcoin for ~$24.61M using internal funds; total BTC holdings reached 730.
Subsidiary Zhongyan Shangyue signed a RMB 752.2M (~$106.5M) IT equipment framework contract with China Merchants Bank.
Contract requires delivery of CPU/GPU servers within 30 working days; 60-month warranty, payment 60 days after acceptance.
Also signed two smaller computing product sales contracts totaling ~$1.78M (64 servers, 145 NVIDIA GPUs).
CEO cites favorable Bitcoin entry point and computing power expansion as strategic growth drivers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CIMG Inc. entered into China Merchants Bank IT Equipment Procurement Framework Contract with China Merchants Bank Co., Ltd. valued at approximately RMB 752.2 million (approximately USD 106.5 million) (effective 2025-12-12).

Action: entry
Agreement: supply
Counterparty: China Merchants Bank Co., Ltd.
Value: approximately RMB 752.2 million (approximately USD 106.5 million)
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025, the Company, through its wholly owned subsidiary Zhongyan Shangyue Technology Co., Ltd. (“Zhongyan Shangyue”), entered into a China Merchants Bank IT Equipment Procurement Framework Contract (the “IT Equipment Procurement Framework Contract”) with China Merchants Bank Co., Ltd. (“CMB”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CIMG Inc. entered into Bitcoin Purchase Agreement with Lordan Group Ltd. valued at approximately USD 24.61 million (effective 2025-10-20).

Action: entry
Agreement: asset purchase
Counterparty: Lordan Group Ltd.
Value: approximately USD 24.61 million
Effective: 2025-10-20

Exact text from the filing

On October 20, 2025, CIMG Pte. Ltd., a Singapore limited liability company and a wholly owned subsidiary of CIMG Inc. (the “Company”), entered into a Bitcoin Purchase Agreement (the “Bitcoin Purchase Agreement”) with Lordan Group Ltd., as seller, pursuant to which CIMG Pte. Ltd. agreed to purchase an aggregate of 230 Bitcoin (BTC) from the seller.

View on SEC.gov

623 material agreements filed in the last 30 days. Browse all material agreements →

CIMG Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-028158

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.