iPower Signs Non-Binding LOI For AI GPU Leasing Deal; Proposed Initial Deployment Would Involve GPU Systems With An Expected Acquisition Value Of ~$6M And An Anticipated Lease Term Of ~36 Months Following Installation And Acceptance, With The Potential To Expand To ~$60M In Aggregate Contemplated Contract Value
iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company") today announced that it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU
iPower might lease powerful computer chips to a customer starting with $6 million worth, with a chance to grow to $60 million later. This is an early, non-binding agreement, so watch if it actually happens and becomes real.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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