iPower signs non-binding LOI for $6M GPU lease, potential $60M expansion

iPower Inc.

Non-binding LOI for initial $6M GPU deployment with 36-month lease term.
Potential expansion to $60M aggregate contract value after successful initial phase.
iPower would acquire and own GPU systems, lease to customer for exclusive use.
LOI is non-binding; definitive agreements and financing remain subject to negotiation.
Follows formation of dedicated AI subsidiary for hardware leasing and compute distribution.

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