iPower signs $6M GPU lease LOI
Analysis based on 7 articles · First reported Jul 23, 2026 · Last updated Jul 23, 2026
The announcement signals iPower's strategic pivot into AI infrastructure leasing, potentially opening a new revenue stream. However, the non-binding nature and lack of definitive terms limit immediate market impact.
iPower Inc. (Nasdaq: IPW) announced on July 23, 2026 that it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems. The initial deployment involves GPU systems with an expected acquisition value of approximately $6 million and an anticipated lease term of 36 months, with potential expansion to approximately $60 million in aggregate contract value. Under the proposed structure, iPower or its subsidiary would acquire the GPU systems, retain ownership, and lease them to the customer for exclusive use at a mutually agreed data center. The LOI follows iPower's formation of a dedicated AI subsidiary. Final terms remain subject to negotiation, and there is no assurance the transaction will be completed.
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