iPower signs non-binding LOI for USD 6 million GPU lease deployment
IPW•iPower signs non-binding GPU lease LOI
iPower signed a non-binding letter of intent for a proposed 36-month lease of dedicated high-performance GPU systems with an expected acquisition value of USD 6 million.
The deal structure calls for iPower to own the hardware, then lease it for exclusive customer use at a mutually agreed data center.
Potential expansion and terms still under negotiation
The LOI contemplates a potential expansion to about USD 60 million in aggregate contract value, subject to a successful initial deployment.
Final equipment specifications, pricing, payment terms, credit support, deployment terms, and operating costs remain under negotiation.
