iPower AI subsidiary signs non-binding 5-year LOI for up to $21.9M annualized equipment services

iPower Inc.

Wholly owned iPower AI LLC received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship; no definitive services agreement yet.
Customer identified an initial fleet of 48 AI computing units and expects to expand to approximately 396 units during 2027.
Proposed fee is $4,608 per unit per month; full 396-unit build-out implies up to ~$1.82M monthly, or up to $21.90M annualized over five years.
Initial 48 units equate to roughly $2.65M annualized, or $13.27M if all 48 remain billable for the full 60-month term.
Company says figures are not committed revenue, backlog, profit or 2027 guidance; iPower AI LLC would provide equipment operations, monitoring, maintenance, support and data center coordination.

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